What you get
- Capital Contribution | - ₹2,00,000/- per individual, covering 50% of the total project cost. | - ₹3,00,000/- per individual for those with professional qualifications, provided the business activity was linked to their qualifications. | - ₹10,00,000/- maximum for groups, with no restriction on the number of members. | Interest-Free Loan: The capital contribution was interest-free. | Repayment: Repayment was to be made in equal monthly installments within 10 years, with a moratorium period not exceeding one year. | Insurance Cover: Special insurance cover was provided, absolving the beneficiary of outstanding dues in case of death or permanent disability. The insurance premium was ₹200 per,00,000/- or part thereof, to be paid once before disbursal. | Disbursement | - Disbursement of capital contribution was made upon approval of the application by the Task Force Committee. | - The last date for disbursement was 31st January for claims filed between January and June, and 31st July for claims filed between July and December.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What was the maximum financial support provided to an individual under the scheme?
The scheme offered financial support up to [?]2,00,000/- per individual, covering 50% of the total project cost. For those with professional qualifications, the support could go up to [?]3,00,000/-.
Could groups apply for financial support under the scheme, and what was the maximum amount?
Yes, groups of individuals could apply, and the maximum financial support for groups was [?]10,00,000/-, with no restriction on the number of members.
What was the repayment period for the capital contribution, and was there a moratorium?
The repayment period was 10 years, with equal monthly installments, and a moratorium period not exceeding one year was allowed.
Was there any insurance cover provided under the scheme, and what were the conditions?
Yes, special insurance cover was provided, absolving the beneficiary of outstanding dues in case of death or permanent disability. The insurance premium was [?]200 per [?]1,00,000/- or part thereof, paid once before disbursal.
What were the last dates for disbursement of claims filed between January and June?
The last date for disbursement of claims filed between January and June was 31st January.
What were the last dates for disbursement of claims filed between July and December?
The last date for disbursement of claims filed between July and December was 31st July.
Was there any preference given to applicants based on their residency in Goa?
Yes, individuals born and resident in Goa for at least 15 years were given preference.
What was the age limit for applicants under the scheme?
Applicants had to be below 40 years of age, but the limit was relaxed by 5 years for women, disabled persons, Scheduled Castes, Scheduled Tribes, and Other Backward Classes.
What was the minimum educational qualification required to apply for the scheme?
Applicants had to have passed at least the 8th standard, but this requirement could be relaxed in deserving cases by the Director of Industries, Trade and Commerce.
What was the income limit for applicants to be eligible under the scheme?
The income of the applicant along with their spouse should not exceed [?]80,000/- per annum.
Were applicants who had availed more than 15% subsidy under other schemes eligible?
No, applicants who had availed more than 15% subsidy under any other scheme were not eligible.
Was priority given to any specific group of applicants under the scheme?
Yes, priority was given to women entrepreneurs, self-help groups of women, and disabled persons.
What percentage of the budgeted outlay was reserved for women entrepreneurs?
30% of the budgeted outlay was reserved for women entrepreneurs.