NDPREM (NORKA Department Project for Return Emigrants) gives returned NRIs a ₹1–30 lakh business loan with a 15% capital subsidy (up to ₹3 lakh) and a 3% interest subsidy for 4 years on regular repayment. Check your subsidy, EMI and total benefit below. Free, no login.
NDPREM Calculator: NORKA Subsidy, EMI & Total Benefit
Enter your project and loan. See your 15% capital subsidy, 3% interest subsidy year by year, own share, EMI and effective EMI. നിങ്ങളുടെ സബ്സിഡി ഉടൻ അറിയൂ.
Free estimate, not approval. NORKA Department Project for Return Emigrants (NDPREM), NORKA Roots, Govt of Kerala. Loan ₹1–30 lakh; capital subsidy 15% of project cost up to ₹3 lakh; 3% interest subsidy for the first 4 years on regular repayment; at least 2 years’ work abroad. Official page: norkaroots.org/ndprem. Rules verified on 11 Oct 2026.
Example: ₹25 lakh shop after 6 years in Dubai
Anil worked 6 years in Dubai and came back to Thrissur last year. He plans a ₹25 lakh cold-storage and grocery shop, puts in ₹2.5 lakh himself and takes a ₹22.5 lakh SBI loan at 10% for 5 years. His EMI is ₹47,806. 15% of ₹25 lakh is ₹3.75 lakh, but NORKA caps the capital subsidy at ₹3,00,000. With regular repayment the 3% interest subsidy is ₹62,570, ₹51,101, ₹38,430 and ₹24,433 in years 1–4 (₹1,76,535), so his effective EMI in year 1 is about ₹42,592. Total NDPREM benefit: ₹4,76,535. If the ₹20 lakh cap reported by finline were right, it would be ₹5,51,535.
NDPREM rules at a glance
| Rule (11 Oct 2026) | |
|---|---|
| Loan amount | ₹1 lakh to ₹30 lakh |
| Capital subsidy | 15% of project cost, up to ₹3 lakh (NORKA Roots). Sources disagree: finline says up to ₹20 lakh. |
| Interest subsidy | 3% a year for the first 4 years, for regular repayment only |
| Work abroad | At least 2 years |
| Time since return / age | No official limit found; confirm with NORKA Roots |
| When the capital subsidy is credited | Sources disagree: after 3 years of running, after a 4-year lock-in, or at loan closure |
| Interest rate | Set by the bank (not fixed by the scheme) |
| Lenders | 19 partner banks and institutions (list below) |
| Run by | NORKA Roots, Department of Non-Resident Keralites’ Affairs, Govt of Kerala |
| Status, Oct 2026 | Open; SBI agreement renewed July 2025 for 3 years |
Sources disagree: an older NORKA brochure gave 25% of the loan up to ₹1 lakh, and a 2020 report said the loan would rise to ₹50 lakh with a 20% subsidy. The 2025 renewal reports still give ₹30 lakh and 15%, so the calculator uses those.
Partner banks and institutions
- State Bank of India (agreement renewed July 2025 for 3 years)
- Canara Bank
- Bank of Baroda
- Federal Bank
- South Indian Bank
- Indian Overseas Bank
- Union Bank of India
- Bank of India
- UCO Bank and Dhanlaxmi Bank (named in some versions of the list)
- Kerala Bank (Kerala State Co-operative Bank)
- Kerala State Co-operative Agricultural and Rural Development Bank (KSCARDB)
- Kerala Financial Corporation (KFC)
- Kerala State Women’s Development Corporation, and the backward-class and SC/ST development corporations
NORKA Roots says it has agreements with 19 institutions; the names above are the ones we could confirm. Check the full, current list on norkaroots.org/ndprem before you choose a branch.
Who can apply
- Keralites who worked abroad for at least 2 years and have returned to Kerala.
- Groups of returnees forming a society, trust or company.
- New ventures or expansion in MSME, agriculture, trade, services or taxi and transport.
- You must repay on time to keep both subsidies; missing more than 3 instalments loses the interest subsidy, according to one guide.
Documents
- Passport: front, back and the pages showing at least 2 years of work abroad (visa and exit stamps)
- Aadhaar and PAN
- Passport-size photo
- Project report with quotations
- Ration card or proof of address in Kerala
- Bank account details; any licence or registration for the business
How to apply
- Prepare a project report: machinery or vehicle, shop or building work, working capital, expected sales and repayment (see our project report tool). NORKA Roots also helps returnees with project reports and free entrepreneurship training.
- Go to norkaroots.org → Schemes → NDPREM → Apply Now. Register, then sign in.
- Fill in your project details, the loan amount and your chosen bank or institution. Upload your passport pages showing at least 2 years abroad, Aadhaar, photo and project report.
- NORKA Roots checks the application and sends it to the bank branch you chose. Third-party guides say this takes about 2–3 weeks.
- The bank appraises and sanctions the loan. Repay every EMI on time: NORKA then credits the 3% interest subsidy for the first 4 years and the 15% capital subsidy to your loan account.
Official page: norkaroots.org/ndprem. NORKA helpline: 1800 425 3939 (toll-free in India), 0471-2770511.
Frequently asked questions
What are the benefits of the NORKA NDPREM loan? A bank loan of ₹1 lakh to ₹30 lakh for a new or existing business in Kerala, with a 15% capital subsidy on the project cost (up to ₹3 lakh, per NORKA Roots) and a 3% interest subsidy for the first 4 years if you repay on time. On a ₹25 lakh project with a ₹22.5 lakh loan, that is about ₹4.77 lakh in total.
Who is eligible for the NORKA loan scheme? Keralites who worked abroad for at least 2 years and have returned to Kerala. Groups of returnees forming a society, trust or company can also apply. We found no official age limit or time limit after return; confirm with NORKA Roots if you returned long ago.
Is the NDPREM capital subsidy capped at ₹3 lakh or ₹20 lakh? Sources disagree. NORKA Roots’ own NDPREM page and press release say 15% up to ₹3 lakh; finline says up to ₹20 lakh. The calculator uses ₹3 lakh and also shows the figure you would get with the ₹20 lakh cap. The cap only matters for projects above ₹20 lakh.
How does the 3% interest subsidy work? For the first 4 years, NORKA pays 3 percentage points of the interest on your loan if you repay every instalment on time. The bank charges its normal rate; the subsidy is credited to your loan account (Kerala Bank says quarterly). If you miss instalments you lose it.
Which banks give NDPREM loans? NORKA Roots has agreements with 19 banks and institutions, including SBI (renewed July 2025 for 3 years, 1,200 branches in Kerala), Canara Bank, Bank of Baroda, Federal Bank, South Indian Bank, Indian Overseas Bank, Union Bank of India, Bank of India, Kerala Bank, Kerala State Co-operative Agricultural and Rural Development Bank, Kerala Financial Corporation and the Kerala State Women’s Development Corporation. Check the current list on norkaroots.org.
How do I apply online for the NDPREM loan? Register on norkaroots.org, choose NDPREM under Schemes, fill in your project and bank, and upload passport pages, Aadhaar, photo and project report. NORKA Roots forwards it to the bank. Helpline: 1800 425 3939 (toll-free in India).
Is NDPREM better than PMEGP or Mudra? NDPREM is only for returned emigrants and adds a 3% interest subsidy, but its capital subsidy is capped at ₹3 lakh. PMEGP gives 15–35% of the project cost and Mudra gives no subsidy. Use our PMEGP vs state scheme calculator to compare.
Sources: NORKA Roots NDPREM page, NORKA FAQ and press releases; The South First, 3 Jul 2025 (SBI renewal); Kerala Kaumudi; Kerala Bank; finline (secondary, for the ₹20 lakh cap figure). Official pages were read through search-engine extracts. Rules verified on 11 Oct 2026.
More free tools: Compare with PMEGP and Mudra · PMEGP subsidy calculator · Mudra loan calculator · All tools