Home » Animal and Husbandry » Get upto 500 lakhs for Goa Cooperative institutions and societies
PC: development-m8media-in
PC: development-m8media-in

Get upto 500 lakhs for Goa Cooperative institutions and societies

Government of Goa is pleased to announce financial assistance to the following cooperative institutions and societies-

  • Apex Cooperative Bank (Goa State Coop. Bank Ltd.)
  • Goa State Cooperative Milk Producer’s Union
  • Goa State Cooperative Housing Finance & Federation Ltd.
  • Goa State Cooperative Union Ltd.
  • Goa Cooperative Marketing & Supply Federation Ltd.
  • Industrial Cooperatives

Objective

This scheme are provided by the government for the development/smooth functioning of business and other allied activities of these institutions.

Benefits

  • Government Share Capital Contribution
  • Loan
  • Subsidy
  • Managerial Subsidy
  • Grant in aid

The pattern of benefits will be like this-

Serial number

Type of the societies Name of the scheme Pattern of financial aid

1

Apex cooperative bank (Goa State Cooperative Bank Ltd.) Government share capital contribution The total limit of Government Investment in the Share Capital of the Apex Cooperative. Bank shall be to the extent of Rs. 500.00 lakhs inclusive of the Government Share Capital Contribution already released to the said bank.

2

Goa State Cooperative Milk Producer’s Union Ltd. Govt. Share Capital Contribution The total limit of Government Investment in the Share Capital of the Goa State Cooperative Milk Producer’s Union Ltd. shall be to the extent of Rs. 50.00 lakhs inclusive of the Government Share capital contribution already released to the said Union

3

Apex Housing Finance Cooperative Society (Goa State Coop. Housing Finance & Federation Ltd. Govt. Share Capital Contribution The total limit of Government Investment in the Share Capital of the Apex Housing Finance Cooperative Society  shall be to the extent of Rs.250.00 lakhs inclusive of the Government Share Capital Contribution already released to the Federation.

4

Goa State Cooperative Union Ltd Education, Research and Training: Grant-in-Aid to Cooperative Training Center. 100% Grant of the expenditure incurred on approved items to Federal Institution for imparting training to secretaries, Office bearers and other employees of Cooperative Societies. Grants-in-aid is being released after verification of the vouchers and other documents/ evidence produced by the Goa State Cooperative Union Ltd., for the claim.

5

Goa Cooperative Marketing & Supply Federation Ltd Share capital Contribution Upto Rs. 50.00 lakhs without insisting for matching Share Capital Contribution from the beneficiary Institution. However the limit of Rs. 50.00 lakhs will include Share Capital Contribution already released earlier.
6 Industrial Cooperatives Government Share Capital Contribution

Upto Rs. 1.00 lakh without insisting for matching Share Capital Contribution from the beneficiary Society. However the limit of Rs. 1.00 lakh will include Share Capital Contribution already released earlier. Rs. 25,000/- for newly registered society for initial expenses of salary, wages etc. This is admissible only at once.

How to apply

  • Application for availing assistance in the prescribed format is required.
  • A copy of resolution seeking assistance from Govt. passed by the Board of Directors.
  • Copies of Audited Statement of Accounts for last 3 years are required.
  • Brief write up giving details about utilization of assistance requested for by the applicant Society.

For More Info : Click Here

Check Also

PC: Business Insider

Women Scientist Scheme

In an attempt to enhance the participation of Women Scientists in Biotechnology Research, the Department ...

Leave a Reply

Your email address will not be published. Required fields are marked *