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Financial Incentives Upto 2 Lakhs for Cooperative Societies under this scheme: Goa

FINANCIAL INCENTIVES TO VARIOUS COOPERATIVE SOCIETIES IN GOA

The Government of Goa is pleased to approve the Scheme and pattern of financial assistance  to the following cooperative societies in Goa-

  1. Primary Agricultural Credit Cooperative Societies.
  2. Consumer Cooperative Societies.
  3. Taluka Farmers Cooperative Societies.
  4. Processing and Marketing Cooperative Societies in the State.  

Objective

This scheme is for the development/smooth functioning of business and other allied activities of these cooperative societies.

Eligibility

  • Incentives are given to the societies registered under the Cooperative Societies Act.
  • The Society shall submit the copy of resolution passed by the Board of Directors for availing financial assistance.
  • Concerned Zonal Assistant Registrar shall submit an attested copy of the Registration Certificate and a certificate stating that the society has completed 50 years in existence and presently functioning along with the proposal.
  • Society shall submit the Audited Statement of Accounts for the last two years.
  • Society shall submit updated list of members as on date of the application.
  • The societies under liquidation are not covered / entitled under the scheme.

Benefits

The Primary Agricultural Credit/Consumer/Taluka Farmers/Processing and Marketing Cooperative Societies can avail financial incentive of Rs. 2.00 lakhs at once on completion of 50 years in existence.

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