Kerala Financial Corporation (KFC) has launched the third edition of Chief Minister's Entrepreneurship Development Programme (CMEDP) for entrepreneurs. KFC CMEDP Loan Scheme 2026 apply online process is now open at kfc.org. Under the revamped scheme, entrepreneurs can get loans up to Rs 5 crore at 6% interest. In this article, we will mention various aspects like eligibility, list of documents, application form filling process and other details about Kerala CMEDP Loan Yojana.
Chief Minister V D Satheesan launched the third edition of CMEDP in August 2026. The loan limit under the scheme has been raised from Rs 2 crore to Rs 5 crore. The annual interest rate for CMEDP loans is 6%. The upper age limit for the chief entrepreneur has also been increased from 50 to 60 years to encourage more senior entrepreneurs to take part.
What is Kerala CMEDP Loan Scheme 2026
CMEDP is a scheme run by state owned Kerala Financial Corporation to provide low interest loans to micro, small and medium enterprises (MSMEs). The scheme helps entrepreneurs start new ventures and also expand existing businesses. With the loan limit now raised to Rs 5 crore, entrepreneurs can take up larger projects and modernize their units.
Under the scheme, Kerala government provides 3% interest subsidy and KFC provides another 2% subsidy. This interest subvention is available for the first five years of the loan. The repayment period is up to 10 years. KFC also provides specialized training and follow-up services for selected entrepreneurs.
So far, loans worth Rs 1,512.38 crore have been sanctioned for 3,149 enterprises under CMEDP. These loans have helped create about 94,500 direct and indirect job opportunities in the state. The government has also raised KFC's lending limit from Rs 50 crore to Rs 100 crore to support more entrepreneurs.
Highlights of Kerala CMEDP Loan Scheme 2026
| Detail | Information |
|---|---|
| Scheme Name | Chief Minister's Entrepreneurship Development Programme (CMEDP) |
| Launched By | Kerala Financial Corporation (KFC) |
| Beneficiaries | MSMEs, startups and entrepreneurs |
| Loan Limit | Up to Rs 5 crore |
| Interest Rate | 6% per annum |
| Subsidy | 3% by Kerala government, 2% by KFC |
| Repayment Period | Up to 10 years |
| Application Mode | Online at kfc.org or nearest KFC branch |
| Official Website | kfc.org |
Eligibility for Kerala CMEDP Loan Scheme 2026
Entrepreneurs who want to apply for a CMEDP loan must meet the eligibility conditions set by Kerala Financial Corporation. The main points are given below.
- The unit must have MSME registration (Udyam Registration) to apply for the loan.
- The age of the chief entrepreneur should be below 60 years as per the revised scheme.
- Loans are available to start new ventures and also to modernize existing ventures.
- The repayment period is up to 10 years, with interest subsidy for the first five years.
Eligible Units under CMEDP
Different types of business units can apply for a loan under the Chief Minister's Entrepreneurship Development Programme. The eligible units are listed below.
- MSME units with valid registration.
- Startups that meet the scheme conditions.
- Units referred by NORKA for Non-Resident Keralites.
- Kudumbashree units and women-led enterprises.
- Agro-based projects and electric vehicle related units.
Not Eligible Units under CMEDP
Some business types are not covered under this loan scheme. These units cannot apply for a CMEDP loan.
- Bar hotels and liquor related businesses.
- Transport and trading businesses.
- Crusher units and CRE projects.
- Contractor loans and cinema or serial production.
Eligibility of Promoters under KFC CMEDP Loans Yojana
Apart from the unit, the promoters also need to meet certain conditions to get a CMEDP loan. The promoter eligibility rules are given below.
- Age of two thirds of the promoters should be less than 60 years.
- None of the promoters should be permanently employed elsewhere.
- CIBIL score should be more than 650.
- Promoters should not be members of any other entity already promoted under the scheme.
List of Documents Required for KFC CMEDP Loan Scheme Registration
Here are the list of documents for proprietor and unincorporated associations, partnership firm and private limited company.
Proprietor and Unincorporated Associations - Above 5 Lakhs
- Loan application duly filled.
- Bio data of each promoter.
- Project summary, report and quotation.
- Affidavit in Rs 100 stamp paper.
- Copies of Aadhaar of promoters and co-obligants.
- Copies of PAN of promoters and co-obligants.
- Copies of Udyog Aadhaar or Udyam registration.
- IT return, if applicable for IT assessee.
- Competitive quotation for machinery.
- Estimate of building, if any.
- Permission or approval of local bodies for construction of building.
- NOC from Pollution Control Board, if any.
- Sanction or feasibility certificate for KSEB.
- Copy of approved plan.
Partnership Firm - Above 5 Lakhs
For a partnership firm, the same documents as above are needed along with the partnership papers listed below.
- Partnership deed.
- Certified extract from the Registrar of Firms.
- Certificate of registration or acknowledgement from Registrar of Firms.
Private Limited Company - Above 5 Lakhs
For a private limited company, the following company papers are needed along with the common documents.
- Memorandum of Association of the company.
- Articles of Association.
- Certificate of registration of the company.
- Detailed search report with shareholding pattern.
- Resolution empowering MD, Director or Manager to avail loan from KFC.
KFC CMEDP Loan Scheme Application Procedure
The application process for a CMEDP loan involves a few simple steps. The main steps in the process are given below.
- Online enquiry submission.
- Document submission.
- Branch verification.
- Online interview.
- Training.
- Sanction and disbursement.
How to Apply Online for Kerala Financial Corporation CMEDP Loan Scheme
STEP 1 - Firstly visit the official website of Kerala Financial Corporation at https://kfc.org/
STEP 2 - At the homepage, click at the "CMEDP Loans" link as shown below.
STEP 3 - Upon clicking this link, the new page to check Chief Minister Entrepreneurship Development Programme documents and apply online process will open as below.
STEP 4 - Then the KFC Online Loan Management System page to make online enquiry regarding CMEDP loans will open.
STEP 5 - At this page, click at the "Customer Registration" link to open the KFC CMEDP loan application form for making online enquiry.
STEP 6 - Here applicants can enter name, e-mail ID, mobile number and click at "Send OTP" button to make the CMEDP loan enquiry online. Entrepreneurs with Udyam registration can also submit their loan applications through the nearest KFC branch.
Requirements for Submitting Loan Enquiries at CMEDP Loan Portal
This portal is for submitting loan enquiries. The requirements are as below.
- Chief promoter details.
- Unit details, if you are an entrepreneur.
- Unit and promoter PAN details.
Documents Required for Submitting Loan Enquiry
The following documents are needed while submitting the loan enquiry on the CMEDP portal.
- PAN card copy.
- Address proof, such as Aadhaar card, driving license, passport or voter's ID.
- Project synopsis, a 2 page description about the project plan.
- Audited financials, if available (balance sheet and P&L statements).
FAQ's
What is the loan limit under the new CMEDP scheme?
The loan limit under the third edition of CMEDP has been raised to Rs 5 crore. Earlier the limit was Rs 2 crore.
What is the interest rate for CMEDP loans?
The annual interest rate for CMEDP loans is 6%. Kerala government provides 3% subsidy and KFC provides another 2% subsidy for the first five years.
How can I apply for a CMEDP loan?
Entrepreneurs with Udyam registration can apply online at kfc.org or submit their application through the nearest KFC branch.
For more details, visit the official website at https://kfc.org/ or call the toll free number 1800 425 8590.