Scheme For Soft Loan To The Grant-in-aid/ Non-grant In Aid Institutions For Maintenance And Upgradation Of Infrastructure Facilities

Scheme For Soft Loan To The Grant-in-aid/ Non-grant In Aid Institutions For Maintenance And Upgradation Of Infrastructure Facilities क्या है?

The objective of the scheme is to support the efforts of the management of the Non-Government aided institutions/non-grant-in-aid institutions for the upgradation and maintenance of infrastructural facilities for promoting a conducive atmosphere for learning.

लाभ

As Goa Education Development Corporation is a Grant in Aid Corporation, Soft loan beneficiaries are assisted by taking loans from Economic Development Corporation and further disbursing it as below: > **50% of the Loan Amount** Released immediately on the issue of sanction order by the Directorate of Higher Education. > **40% of the Loan Amount** Released on the production of a certificate from a Government Registered Engineer duly signed by a Chartered Accountant and College Principal/Head of Institution; to the effect that the first instalment of 50% has been fully utilized for the purpose for which it was granted. > **10% of the Loan Amount** Released subject to the following three conditions: a) Production of a certificate from a Government Registered Engineer duly signed by a Chartered Accountant and College Principal/Head of Institution; to the effect that 40% of the loan amount has been fully utilized for the purpose for which it was granted. b) The project is completed and a completion certificate for that effect is produced by the Management. c) The occupancy certificate is issued by a competent authority to the satisfaction of the Directorate of Higher Education.

स्तर

State — Goa

मंत्रालय / विभाग

Higher Education Department

लाभ का प्रकार

cash

मुख्य पात्रता

All the aided/non-aided institutions of higher learning, including institutions providing professional courses, shall be eligible to apply for the loan subject to the following conditions: 1. The institution should be situated in Goa. 1. The society which runs the institution should have been regist

अंतिम सत्यापन

Recently

Benefits

As Goa Education Development Corporation is a Grant in Aid Corporation, Soft loan beneficiaries are assisted by taking loans from Economic Development Corporation and further disbursing it as below: > **50% of the Loan Amount** Released immediately on the issue of sanction order by the Directorate of Higher Education. > **40% of the Loan Amount** Released on the production of a certificate from a Government Registered Engineer duly signed by a Chartered Accountant and College Principal/Head of Institution; to the effect that the first instalment of 50% has been fully utilized for the purpose for which it was granted. > **10% of the Loan Amount** Released subject to the following three conditions: a) Production of a certificate from a Government Registered Engineer duly signed by a Chartered Accountant and College Principal/Head of Institution; to the effect that 40% of the loan amount has been fully utilized for the purpose for which it was granted. b) The project is completed and a completion certificate for that effect is produced by the Management. c) The occupancy certificate is issued by a competent authority to the satisfaction of the Directorate of Higher Education.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 1: In the prescribed format of the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents.

2. Step 2: Offline application — step 2

   Step 2: Get the application duly signed by the Chairman of the Society.

3. Step 3: Offline application — step 3

   Step 3: Send the duly filled and signed application to:

4. Step 4: Offline application — step 4

   The Directorate of Higher Education, SCERT building, Porvorim, Penha de França, Goa - 403 521

5. Step 5: Offline application — step 5

   Step 4: Acquire the receipt/acknowledgement of the successful submission of the application from the Directorate.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.