KESRU (Kerala Self Employment Scheme for the Registered Unemployed) 1999 is one of Kerala State’s self-employment programs administered by the National Employment Service. The Department of Employment administers the programs through 14 District Employment Exchanges. Introduced in 1982, this system consisted of two components: unemployment support and self-employment assistance.

The employment exchanges implemented the initiative to encourage entrepreneurship among job seekers. The initiative provides for the approval of a bank loan of up to Rs. 1,00,000 for unemployed people to start businesses. Before individuals begin their self-employment projects, the government grants them with a KESRU loan. A maximum of 20% of the bank loan is refunded as a government subsidy through the Employment Department. As a result, the beneficiary is not required to contribute anything in order to receive a loan under this arrangement.

The main aspect of KESRU – Kerala Self Employment Scheme:

• Lenders provide bank loans of up to Rs. 1,000,000 for new companies.
• The spouse or parents can be guarantors.
  Students are not eligible for this scheme.
• KESRU beneficiaries are not entitled for the unemployment benefit, but will be considered for regular posts.
• Employment exchange officers will supervise the system and ensure that the sanctioned amount is exclusively utilized for self-employment.
• Application forms are free of charge from employment exchanges.

What are the eligibility requirements for a KESRU loan?

• The applicant must meet the following qualifying conditions for a KESRU loan:
• The lowest age should be 21 and the maximum is 50.
• The applicant’s annual income should be less than one lakh.
• The applicant’s project should be suitable for his qualifications.
• Students are not eligible to apply for this initiative.
• Unemployed applicants who are active on the Register of Employment Exchange are eligible.

What documents are required for the KESRU Scheme?

• Identity evidence
• Income Certificate from Village
• Project report/business plan
• Qualification certificate
• Passport-sized photo

A business plan, often known as a project report, is an important document when requesting for a bank loan. The bank utilizes this document to assess the project’s overall feasibility, risks, financial viability, and potential. A well-written and convincing project report improves the likelihood of loan acceptance. With Finaxis, you can create a captivating project report in less than 10 minutes. That, too, is in your language. Our reports are acknowledged by all public and private sector banks in India.

How do you apply for the KESRU – Kerala Self Employment Scheme?

To apply for KESRU, follow these steps:

1. First, visit the Employment Exchange Office.
2. Fill in the KESRU application form.
3. After filling out all of the details, attach all essential papers to the form.
4. Submit the form to the appropriate Employment Exchange Office.
5. Following verification, the District Employment Exchange will review the application.
6. The office will submit an application to the District Committee for loan approval through nationalized banks, district cooperative banks, scheduled banks, and KSFE.

Conclusion :

The Kerala KESRU scheme is a noteworthy endeavor that encourages self-employment, entrepreneurship, and economic empowerment among the jobless community. Through the provision of financial aid, training, and support services, the program has the capacity to improve living standards, create jobs, and promote equitable growth and development within the state.