Community Enterprise Fund (CEF) and access to Formal Banking Sector

Community Enterprise Fund (CEF) is designed to deliver soft loans to entrepreneurs to satisfy their entrepreneurial needs with very small interest rates. It will help to enhance credit worthiness of the village entrepreneurs and also showcase the ability of the community institution led enterprise capital provisions to demonstrate disciplined credit behavior. This will also enhance bank’s confidence in the unorganized sector. It is a dedicated fund which cannot be diverted to other uses. Enterprise groups are also eligible for availing loan either singly or through the group mechanism against mutual guarantee, from the formal banking sector including the MUDRA loan.
Schemes

CEF Loan Released for SVEP Enterprises FY 2021-2022

No Districts No. of Project Approval Committee meetings conducted No. of CEF Loan Applications Received No. of CEF Loan Sanctioned Amount of CEF Sanctioned (in Rs.) No. of CEF Loan Released Amount of CEF Released (in Rs.) Amount of CEF Repaid (in Rs.) No. of CEF loan Closed
1 Thiruvananthapuram 5 70 69 2795000 47 1890000 3578131 43
2 Kollam 3 61 61 1815000 99 2504000 2623023 0
3 Pathanamthitta 0 0 0 0 0 0 0 0
4 Alappuzha 1 11 10 300000 197 7339500 2372636 14
5 Kottayam 1 7 7 300000 43 1670000 1839987 2
6 Idukki 2 68 68 1690000 75 2450000 1669267 5
7 Ernakulam 0 0 0 0 0 0 0 0
8 Thrissur 0 0 0 0 0 0 0 0
9 Palakkad 0 0 0 0 0 0 0 0
10 Malappuram 4 121 121 4430000 121 4430000 1622164 0
11 Kozhikode 2 115 120 4320000 120 64 1765151 0
12 Wayanad 1 23 23 750000 47 1765000 2271816 7
13 Kannur 0 0 0 0 0 0 0 0
14 Kasaragod 2 19 19 685000 69 2155000 2679986 22
Total 21 495 498 17085000 818 24203564 20422161 93