Thiruvananthapuram : Economic packages formulated by this government assumed all-new texture so as to address challenges of present times. New schemes wre devised in the past four years in order to foster economic self-reliance among the backward sections. The Development Corporation for Backward Section’s ‘ReTurn, ReLife and StartUp schemes thus helped thousands of people with livelihoods and financial stability
ReTurn
This scheme helps returning expatriates to begin their own businesses. Hundreds of expats forced to leave their overseas jobs found solace under this scheme which granted up to Rs 20 lakhs in work loans to jobless expats belonging to the OBC and the minority communities. The scheme provides subsidised capital investment up to Rs 3 lakhs and the interest on loans is just 3 percent for the first 3 years. The pay-back in effect figures to lesser than the original loan amount availed. Rs 31 crore was disbursed among 520 beneficiaries under this scheme in the last four years of LDF tenure. Expat beneficiaries who suffered extreme conditions abroad including imprisonment and found relief in ReTurn for financial self-reliance, also include 10 women.
ReLife
Under this scheme Rs 1 lakh became available to OBC families belonging to the low income bracket of which, Rs 25,000 was toward subsidised capital fund.
StartUp Scheme
This scheme is designed to encourage entrepreneurial ventures in the backward communities. Loans are granted up to Rs 10 lakh for the purpose and has met with scores of enterprising beneficiaries.
Ente Veedu
Under this scheme, OBC families without a house have been helped to built their own home. Loans up to Rs 10 lakh is being provided for the purpose.
Other Provisions
Rs 3 crore has been allowed to Kudumbasree CDSs at 3 % interest. R 525 core has been disbursed by this govt in Mcro Credit loans. Also, several schemes were modified to expand financial aid to larger sections of the public. In cities, Corporations raised family income limit to RS 3 lakh in place of previous Rs 1.20 lakh as eligibility mark of its loans. Also, loan amounts were raised for purpose of marriage, house re-innovation, and education .
