Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008

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Description

This scheme aimed to encourage Goan youth to start income-generating activities through interest-free share capital. It was operational until 2011.

Benefits

  • Individual: ₹2,00,000 (50% of project cost).
  • Professionally Qualified: ₹3,00,000.
  • Groups: Up to ₹10,00,000.
  • Repayment: 10 years interest-free with 1-year moratorium.
  • Insurance: Provided in case of death or disability.

Eligibility

  • Goan resident for at least 15 years.
  • Age below 40 years (relaxed by 5 years for SC/ST/OBC/Women/Disabled).
  • Educational qualification: Minimum 8th Standard pass.
  • Annual income limit (with spouse): ₹80,000/-.

Application Process

Offline

  • Step 1: Purchase form from Directorate of Industries, Trade and Commerce (Udyog Bhavan, Panaji) for ₹25/-.
  • Step 2: Pay processing fee of ₹200/-.
  • Step 3: Submit form with one guarantor owning property in Goa.

Documents Required

  • Proof of Residence (15 years), Age, and Income.
  • Educational and Training Certificates.
  • House Tax receipt/Form I/XIV of guarantor.
  • Caste/Disability certificate for relaxation.

Disclaimer

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