The Government of Kerala has launched the One Family One Enterprise (OFOE) Scheme to empower families across the state through sustainable entrepreneurship. The scheme aims to support new Micro, Small, and Medium Enterprises (MSMEs) by providing interest subvention on term loans and working capital loans, especially encouraging women entrepreneurs to actively participate in the economic development of the state.
Key Highlights of Kerala OFOE Scheme
• Scheme Name: One Family One Enterprise (OFOE)
• Launched By: Directorate of Industries & Commerce, Government of Kerala
• Objective: Promote MSMEs by supporting at least one enterprise per family
• Type of Support: Interest subvention on loans up to ₹10 Lakh
• Target Beneficiaries: New MSME units, including manufacturing, services, and trading
• Special Focus: 50% reservation for women entrepreneurs
• Eligibility Period: Units commencing production on or after 01/04/2022
• Loan Partners: Nationalized/Scheduled Banks, KFC, KSIDC, KSFE, Kerala Bank
• Application Mode: Online through the Kerala Industries Department portal
Benefits of the One Family One Enterprise Scheme
• Interest Subvention of Up to 6% on approved loans for new MSME units
• Applicable for Loan Amounts Up to ₹10 Lakh, covering both term and working capital loans
• Support Duration: Maximum of 5 years from the date of first loan disbursement
• Support for Women: 50% of scheme beneficiaries reserved for women entrepreneurs
• Flexible Claim Cycle: Assistance can be claimed every 6 months or once a year
Eligibility Criteria
• All new MSME units in the manufacturing, service, or trading sectors are eligible
• Units must have commenced operations on or after April 1, 2022
• Applicant must possess a valid Udyam Registration
• The loan must not be declared as a Non-Performing Asset (NPA)
• Units must not have received grant assistance under other Central/State/LSGD schemes
• Exception: Units under the PMFME scheme are eligible even if they received assistance, but only for the working capital portion up to ₹10 Lakh
Exclusions
• Units that availed grants under other Central/State Government or Local Body schemes (except PMFME)
• Units not operational or those declared non-functional at the time of application
• Loans declared NPA at the time of claim submission
How to Apply – Online Process
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Select “One Family One Enterprise” from the list of online services
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Click on “Apply Now.” → New users must register; existing users can directly log in
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Complete the application form with accurate details and submit
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Upload all required documents as mentioned
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Track status and wait for the sanctioning authority’s response
Sanction & Reimbursement:
• Recommending Authority: Assistant District Industries Officer (Taluk level)
• Sanctioning Authority: General Manager, District Industries Centre (DIC)
• Assistance will be disbursed through the respective financing institution upon agreement execution
Necessary Documents for Application
• Photo ID proof of promoter(s)
• Udyam Registration Certificate
• Company registration documents (MoA, AoA, partnership deed, bye-laws)
• Resolution copy (for non-proprietary firms)
• Bank’s loan sanction letter and recommendation letter
• Bank statements showing disbursement and repayment
• Approved project report
• PMFME support documents (if applicable)
• Proof of ownership/lease deed for operating premises
• Request for condonation in case of delayed applications
Frequently Asked Questions (FAQs)
Q: What is the aim of the One Family One Enterprise Scheme?
To encourage entrepreneurship by enabling at least one MSME per family with financial support.
Q: Who implements this scheme?
The Directorate of Industries & Commerce, Government of Kerala.
Q: Which enterprises are eligible?
All new MSMEs in manufacturing, service, or trading that started post-01/04/2022.
Q: What is the maximum loan covered under this scheme?
Interest subvention is available for loans up to ₹10 Lakh.
Q: What is the subvention rate?
Up to 6%, limited to the difference between the financial institution’s rate and 4%.
Q: Can I apply if I already got a government grant?
No, unless the grant is from the PMFME scheme, in which case you may apply for working capital interest subvention only.
Q: When should I apply for assistance?
After completing 6 months or 1 year from the first loan disbursement date. The application must be submitted within 3 months of that period.
References & Useful Links
• Official Website of Kerala Industries Department
• Application Portal – Online Services
• [OFOE Scheme Guidelines PDF (if available on portal)]
