Home |Guides |Norka Department Project for Returned Emigrants

Norka Department Project for Returned Emigrants

By Tesz Support Staff | Published on April 23, 2019

Quick Links

Name of the Service	Norka Department Project for Returned Emigrants
Online Application Link	Click Here
Application Type	Online/Offline
FAQs	Click Here

Norka Department Project for Returned Emigrants (NDPREM) scheme offers a returnee, who had been an expat and wishes to set up a business in Kerala, a capital subsidy and interest subsidy for his investment.

Benefits of Norka Department Project for Returned Emigrants [Edit] [Edit]

Capital subsidy of 15% of the project cost, subject to a maximum of Rs. 20 lakhs ( Maximum of INR 3 lakh)
Interest subsidy of 3% for the first 4 years, to those beneficiaries who are regular in payment. In case of default, the benefit can be availed only if the beneficiaries clear off his/her dues.
NORKA ROOTS also conducts orientation and training camps before screening and selection to boost the managerial capabilities of the entrepreneurs.

Documents Required for Norka Department Project for Returned Emigrants [Edit] [Edit]

The applicant should also upload softcopies of

Project details in PDF format
Passport/visa copies in PDF format
Photograph of the applicant in JPG format

Eligibility Criteria of Norka Department Project for Returned Emigrants [Edit] [Edit]

The field in which support is provided
- Agriculture (Poultry, Dairy, Goat farming, Beekeeping, floriculture, Aquaculture etc.)
- Trading (General trading and shops)
- Services (Repair shop, restaurants, taxi services, homestay etc.)
- Small and medium scale enterprises (flour mills, saloons etc.)
The applicant shall have worked abroad for at least two years
The applicant should be a resident of Kerala

How to apply online for Norka Department Project for Returned Emigrants? [Edit] [Edit]

Visit the Norka Loan website
Now you can see the guidelines to be followed in Malayalam. Come to the bottom of the page.
Click on Register
Fill out the application for NDPREM assistance. Enter your details, contact and project details.

Norka pravasi loan

Once you have entered the required details, submit the form.

Banks/Institution [Edit] [Edit]

Once you have filled out the application form, you can get a loan from any of the following banks/institutions.

South Indian Bank
State Bank of India
Indian Bank
Union Bank
Syndicate Bank
Bank of Baroda
Federal Bank
Kerala State Financial Corporation
Kerala State Cooperative Agricultural Rural Development Bank
SC/ST Development Corporation
Kerala State Backward Development Corporation
Kerala Pravasi Vikasana Sahakarana Sangham

FAQs

What are some common queries related to Norka?
You can find a list of common Norka queries and their answer in the link below.
Norka queries and its answers

Where can I get my queries related to Norka answered for free?
Tesz is a free-to-use platform for citizens to ask government-related queries. Questions are sent to a community of experts, departments and citizens to answer. You can ask the queries here.
Ask Question