Pravasi Return Loan applicant form, How to apply, documents Required

Government has started a several plan for supporting the people who coming back from foreign.Those who come from gulf they can apply the loan through the official website http://registernorka.net/ndprem. Below you can the the how to apply, what documents are require,Interest rate and how much you will get.

Scheme Detail.

Scheme - Norka Department Project for return Emigrant

Administrator - Chief Executive officer of Norka Roots

Loan Amount - 3 Lakh RS

The applicant should stay in foreign more than 2 years

The amount will be decided by the screening committee after the project study

The seed capital subsidy for eligible units shall be retained with the financial institution lending funds as fixed deposits and will be released to the units only if:-

a. The unit will remain in operation for a period of 5 years from the date of sanctioning the Capital subsidy.

b. The applicant unit has not indulged in misrepresentation, forgery, and deception or resorted to any fraudulent ways to secure Capital subsidy.

Government subsidy availed under other schemes shall be a bar for availing subsidy under this scheme.

Quantum of seed capital subsidy will be 15% of the total project cost subject to a maximum of Rs.3 lakhs.

Total project cost should not exceed Rs. 20 lakhs for availing subsidy under this scheme.

Who can apply

Those who return from the emigrats permanantly after completing 2 years from abroad.

List of approved schemes

Agri-business [poultry (layer farming and broiler farming), pisciculture (Inland fish farming, ornamental fish farming), dairy farming, food processing, integrated farming, farm tourism, goattery, horticulture, apiculture, floriculture etc.]

Trading (General merchandise, buying and selling etc.)

Services (repair shops, restaurants, shops, taxi services, home stay etc.)

Manufacturing – Micro Small & Medium Enterprises (rice/flour mills, bakery products, furniture & wood inductries, saloons, paper cup, recycled paper, agarbathi, IT hardware etc.)

The applicant unit/beneficiaries shall obtain the following statutory clearances/other sanctions for their project.. in case of agri-business, trading, services, the beneficiaries shall obtain clearances under Kerala Panchayat/Municipality Rules/Pollution Control Board. For manufacturing units required clearances can be obtained through Single Window facility arranged at respective District Industries Centres. NORKA ROOTS should facilitate the beneficiary in getting statutory clearances including Local Self Government Institutions.