Capital Contribution Scheme (Goa)

What is Capital Contribution Scheme (Goa)?

"Capital Contribution Scheme" aims to support local entrepreneurs, promote industrial units, and develop special products based on locally developed technology. Financial support is provided to local entrepreneurs and existing functional units.

Benefit

- Maximum capital contribution up to ₹1,00,00,000/- per unit will be available, subject to the condition that contributions of promoters should be equal to or more than the capital contribution by the Government. However, this restriction/condition shall not be applicable to sick units. - The capital contribution will be for 5 years as may be indicated in the sanctioned order with a guaranteed return of 6% or actual profit. **Disbursement of Funds** In case of approval, the capital contribution shall be released within a period of 60 days from the date of approval. The beneficiary must submit post-dated cheques for repayment and collateral security as per the scheme guidelines.

Level

State — Goa

Ministry / Dept.

Labour and Employment Department

Benefit type

cash

Key eligibility

- Clusters/Units which are in operation for a period of at least 3 years shall be eligible except those covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008 or any such Scheme in force during the tenure of this Scheme. - Partnership firms and private limited concerns sh

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Benefits

- Maximum capital contribution up to ₹1,00,00,000/- per unit will be available, subject to the condition that contributions of promoters should be equal to or more than the capital contribution by the Government. However, this restriction/condition shall not be applicable to sick units. - The capital contribution will be for 5 years as may be indicated in the sanctioned order with a guaranteed return of 6% or actual profit. **Disbursement of Funds** In case of approval, the capital contribution shall be released within a period of 60 days from the date of approval. The beneficiary must submit post-dated cheques for repayment and collateral security as per the scheme guidelines.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   The application should be submitted by the eligible units to the Directorate of Industries, Trade and Commerce in the specified format along with the required documents. The Directorate of Industries, Trade and Commerce will scrutinize and consider the application within 3 months from the date of receiving it. The decision will be conveyed within 4 months from the date of receipt of the application.

Sources & References

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