Kerala Government Company to produce films, up grade theatres

Thiruvananthapuram: The Kerala Financial Corporation (KFC), a state-owned financier, Friday announced that it would grant funds to produce films, revamping of theatres and construction of new multiplexes. Finance Minister K.M. Mani announced the scheme that is expected to usher in fresh activity in the cash strapped Malayalam film industry. Under the scheme, filmmakers can avail a loan up to Rs.2 crore for films, documentaries and television serials. Mani handed over a cheque of Rs.75 lakh to Sandhya Rajendran and Rajendran, producers of the upcoming film ‘Hide & Seek’, being made under the banner of Kalidasan International at the function. The second scheme will focus on modernisation, up gradation and expansion of existing theatres and for building new multiplexes. The body offers loans up to Rs.20 crore on easy terms with a provision for routing part of daily collections at these centres to the loan account. IANS