Back to Schemes
Business & Entrepreneurship

Goa State 25% Subsidy for Self Employed Scheme

The scheme aims to boost self-employment in Goa and subsidize Capital Investment to encourage the creation of fixed assets. The scheme provides a 25% subsidy on fixed capital investment to individuals, partnership firms, or groups of individuals who have availed loans for approved self-employment.

Authority

State/ UT

Region

Goa

Status

Verified 2026

Updated

March 2026

What you get

- Payment of 25% subsidy on fixed capital investment for all activities related to Industrial and other self-employment opportunities. | Benefit Disbursement | - In the case of the Dr. Verghese Kurien Rojgar Yojana Scheme, an amount equal to 20% of the Equated Monthly Installments (which corresponds to approximately 25% of the principal component of the Equated Monthly Installments), paid within the due date, shall be credited to the principal account, on the date of payment. | - In the case of the Revised Chief Minister’s Rojgar Yojana Scheme, an amount equal to 20% of the Equated Monthly Installments (which corresponds to approximately 25% of the principal component of the Equated Monthly Installments), paid within the due date, shall be credited to the principal account on the date of payment. | - For Revised Chief Minister’s Rojgar Yojana beneficiaries, the subsidy is on the non-overdue outstanding Equated Monthly Installments of the disbursed assistance, from the month following which the account is regularized. | - Subsidy shall be applicable only on the fixed capital investment, which includes premises, plant and machinery, furniture and fixtures, office equipment, electrification, alternate power sources, etc. | - For beneficiaries of the Revised Chief Minister’s Rojgar Yojana, the subsidy shall be applicable on the entire non-overdue outstanding of the disbursed assistance. | Conditions for Availing the Benefits | - The subsidy shall not be paid on the defaulted Equated Monthly Installments. | - Subsidy can be resumed on payment of defaulted Equated Monthly Installments but shall be applicable only for the balance amount or for a fresh Equated Monthly Installment. | - If the beneficiary pre-closes the loan account prior to the completion of one year of the first disbursement of the loan, then the subsidy amount paid to the beneficiary during the said period shall be reversed and debited to the loan account. | - In the case of misrepresentation or miscalculation, the amount of such subsidy released shall be repayable forthwith by the borrower and shall be recovered as arrears of land revenue. | - Working capital investment, including raw materials, stock of goods for sale, consumables, etc., shall not be considered for the payment of subsidy.

Who can apply

The applicant must be an individual or a Group of individuals or a Partnership Firm.; The applicant must have availed financial assistance for the purpose of self-employment under the "Chief Minister’s Rozgar Yojana (CMRY)" or "Dr. Verghese Kurien Rojgar Yojana (VKRY)" Schemes, or from Nationalized Banks, Scheduled Commercial Banks, Co-operative Banks, and registered Credit Societies.; The income of the applicant along with spouse must not exceed ₹3,00,000/- per annum.; The applicant must be minimum 7th grade passed.; The applicant must be below 42 years of age.; In case of a group of individuals (except registered Self Help Groups), all the individuals must be below 42 years of age.; In the case of groups of individuals, all persons in the group must satisfy the residency, age, and education criteria.; The activity carried out must not be covered under the Red Category.; The activity carried out must not be related to tobacco and liquor.; The applicant must not be receiving assistance under the "Dr. Verghese Kurien Rojgar Yojana Scheme" for the acquisition of Yellow/Black–Motorcycles, Yellow/Black–Auto Rickshaws, Yellow/Black–Taxis, Tourist Taxis, or Buses.; The applicant must not be an existing beneficiary of the "Chief Minister’s Rojgar Yojana Scheme" financed for the acquisition of Yellow/Black–Motorcycles, Yellow/Black–Auto Rickshaws, Yellow/Black–Taxis, or Tourist Taxis.; The applicant must not be a beneficiary under any other subsidy linked schemes of the Government, wherein subsidy of approximately 25% or more is given by the concerned department.; The applicant should be born and resident for 15 years in Goa.; The applicant should be a resident of the State of Goa for at least 15 years prior to the application under this scheme.; The applicant should have passed graduation or 12th standard or 10th standard or schooling from the State of Goa.; The age limit shall be relaxable by 5 years for women, disabled persons, Scheduled Caste/Scheduled Tribes, and Other Backward Class persons.; Applicants eligible for age relaxation under the Chief Minister’s Rozgar Yojana/Dr. Verghese Kurien Rojgar Yojana shall be considered under this scheme automatically.; The minimum VIIth grade requirement may be relaxed in deserving cases by a specific order of the Director of Industries, Trade & Commerce.; Applicants granted education relaxation under the Chief Minister’s Rozgar Yojana/Dr. Verghese Kurien Rojgar Yojana Scheme shall be considered under this scheme automatically.; Self Help Groups (SHGs) of women and disabled persons shall be given priority.; Priority will be given to women entrepreneurs to the extent of 30% of the budgeted outlay on the scheme in case applications exceed total budgetary provision.; All beneficiaries under the Chief Minister’s Rozgar Yojana/Dr. Verghese Kurien Rojgar Yojana Scheme are automatically covered under this scheme, and approval by the Task Force Committee is adequate.; Existing beneficiaries under the Revised and Modified Chief Minister’s Rozgar Yojana having their account without any over dues as on 30-09-2015, or from the month following which the account is regularized, shall be eligible.; Existing beneficiaries of other subsidy linked schemes of the Government, wherein the subsidy availed/eligible is less than 25%, may be granted subsidy under this scheme, provided the subsidy availed is deducted from this scheme's subsidy on a pro-rata basis.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

If I am currently receiving benefits through a different government-linked program that provides a significant financial contribution, will I still be able to apply for this scheme?

You will not be eligible for this specific subsidy if you are a beneficiary of any other subsidy linked scheme of the Government wherein the subsidy amount is approximately 25% or more of the project cost.

What is the highest combined gross annual income threshold permitted for me and my spouse to meet the financial requirement for participation in this program?

The combined annual income of the applicant along with their spouse must not exceed ₹3,00,000/- per annum to be considered eligible under the scheme.

Can this specific financial assistance program be availed only by individual applicants, or are partnerships and groups of people also permitted to apply?

This scheme is open for application to Individuals, Partnership Firms, and Groups of individuals who are seeking to avail the benefits for self-employment activities.

What is the general maximum age criterion that applicants must satisfy to be eligible for the financial support provided through this self-employment initiative?

Applicants shall normally be below 42 years of age to meet the basic eligibility requirement for availing the subsidy benefits under this scheme.

Are individuals who are seeking financial assistance for purchasing passenger transport vehicles under the Dr. Verghese Kurien Rojgar Yojana considered eligible for this 25% subsidy?

No, applicants under the Dr. Verghese Kurien Rojgar Yojana (VKRY) Scheme for the acquisition of Yellow/Black–Motorcycles, Yellow/Black–Auto Rickshaws, Yellow/Black–Taxis, Tourist Taxis, or Buses are not eligible for this Subsidy Scheme.

Does being born in the state and having fifteen years of residency provide any specific advantage during the evaluation process compared to other applicants?

Individuals who are born and residents for 15 years in the State of Goa shall be given preference during the selection process under this scheme.

Are there any particular types of business or industrial activities that are specifically disqualified from receiving benefits under this subsidy program?

Yes, activities that are covered under the Red Category, along with those activities dealing specifically in alcohol and tobacco, shall not be eligible for the scheme.

If I am already receiving assistance or approved financing under the Chief Minister’s Rozgar Yojana or Dr. Verghese Kurien Rojgar Yojana, do I need to re-apply separately?

No, all beneficiaries who are already covered under the Chief Minister’s Rozgar Yojana (CMRY) or Dr. Verghese Kurien Rojgar Yojana (VKRY) Scheme are automatically covered and do not need to submit a separate application.

Is there a minimum educational qualification required for an individual to be eligible for receiving self-employment support under this scheme?

Applicants must have passed minimum VIIth grade; however, this requirement may be relaxed in specific deserving cases through a special order from the Director of Industries, Trade & Commerce.

If I apply as part of a group of individuals (not a registered Self Help Group), must every person within that group adhere to the standard age restriction?

Yes, in the case of a group of individuals (excluding registered Self Help Groups), all the individuals in the group shall normally be required to be below 42 years of age to qualify.

As an existing beneficiary of the Revised or Modified Chief Minister’s Rozgar Yojana, what specific condition must be met regarding my loan account status to become eligible for this subsidy?

Existing beneficiaries of the Revised and Modified Chief Minister’s Rozgar Yojana must have their loan account without any over dues, or they must regularize the account from the month following which the account is regularized.

If I previously received financing under the Chief Minister’s Rozgar Yojana for acquiring a tourist taxi or auto rickshaw, am I barred from obtaining this subsidy?

Yes, existing beneficiaries of the Chief Minister’s Rozgar Yojana (CMRY) Scheme who were financed for acquisition of Yellow/Black–Motorcycles, Auto Rickshaws, Taxis, or Tourist Taxis are not eligible for the Subsidy Scheme.

What is the basic requirement regarding the length of residency within the State that must be fulfilled by an applicant before submitting their application?

The applicant must be a resident of the State of Goa for at least 15 years immediately prior to the date of submitting the application under this specific scheme.

If I secured my financial assistance from a registered Credit Society or a Co-operative Bank instead of a government-managed scheme, can I still apply for this subsidy?

Yes, individuals, partnership firms, or groups who have availed financial assistance from Nationalized Banks, Scheduled Commercial Banks, Co-operative Banks, or registered Credit Societies are also eligible to apply.