Home » Ministries » Business Related » Interest Rebate upto 5%: Modified Interest Rate Scheme: Goa
PC : www-eqmagpro-com
PC : www-eqmagpro-com

Interest Rebate upto 5%: Modified Interest Rate Scheme: Goa

Government of Goa to boost Goan economy by encouraging industrial investments basically for central and coastal areas of the state has announced for the Modified interest rate scheme to make investments more attractive through its undertaking EDC Limited.

Objective

To boost entrepreneurship, women empowerment and industrialization  in these areas.

Period of operation

5 years (From 01.04.2012 to 31.03.2017) extended till 31.03.2018.

Eligibility

The units located in the talukas of Pernem, Sattari, Sanguem, Quepem, Canacona, Bicholim and Dharbandora will be eligible for interest rebate on loans availed by them and for new as well as existing industrial loans disbursed by EDC, except units set up in sectors listed in NEGATIVE LIST.

Benefits

Category Eligibility Quantum of rebate
Units located in backward Talukas of Goa Units located in the talukas of Pernem, Sattari, Sanguem, Quepem, Canacona, Bicholim and Dharbandora. 5% p.a.
Units promoted by Resident / Non-Resident Goan Entrepreneurs
  • Native Goans.
  • Promoters who are resident of Goa for not less than last 15 years.
  • Persons of Goan origin (PGOs),Non Resident Goans ( NRGs) etc
  • In case of partnerships and limited companies, the effective shareholding of the Resident/ Non-resident Goan Entrepreneurs and/or share holding of the resident/non resident Goan Entrepreneurs in other share holder entity/ies if any, shall not be less than 74% of the total paid up capital.
2% p.a.
Units promoted by Women Entrepreneurs  The effective shareholding of the women entrepreneurs in the partnership/ limited company and/or share holding of the women entrepreneur in other shareholder entity/ies if any, should not be less than 74% of the total paid up capital. 2% p.a.

For More Info: Click Here

Check Also

PC: Girls Not Brides Org.

Kishori Shakti Scheme for girls

Kishori Shakti Yojana is a Centrally Sponsored Scheme for adolescent girls. This scheme is operational ...

Leave a Reply

Your email address will not be published.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