Loan Assistance For Construction Projects:Goa
The scheme initiated by Government of Goa to provide financial assistance in construction projects . Financial assistance for land, land development, cost of construction of buildings, interior decoration, swimming pool, club house etc. Purchase of plant and machinery such as lifts, air conditioning plant, fire fighting equipments, electrification fall under the scheme.
To provide loan assistance for construction of projects in Goa.
- The applicant should have experience in construction line in last 5 years period.
- The applicant must have completed at least two projects of minimum built up area of 1000 m2.
- The minimum promoterΓÇÕs contribution shall be 25% of the project cost.
- The loan shall be disbursed after execution of legal documents and compliance of terms of sanction.
- The loan disbursement shall be in proportion to the investment made on land, building,
maximum amount of loans subjected to following units.
|Proprietary concern||┬áRs. 200 lakhs|
|Partnership firms||┬áRs. 400 lakhs|
|Corporate bodies /limited liability partnership||┬áRs. 750 lakhs|
|Upto Rs.50.00 L||┬á11.50% p.a ( Fixed).|
|Above Rs.50.00 L upto Rs.100.00 L||┬á11.50% p.a. to 13.50% p.a.|
|Above Rs.100.00 L||┬á11.50% p.a. to 14.50% p.a.|
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