Interest Subsidy Reimbursement Scheme
Through the "Interest Subsidy Reimbursement Scheme”, the projects which show immense promise and potential will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed.
About This Scheme
Benefits
₹5.0 L · annual
1. Up to 3 projects that show immense promise and potential, as recommended by the Startup Promotion Cell, will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed, up to ₹ 5,00,000 per annum, for an initial period of two years only.
₹2.0 L · annual
1. Other Startups shall be eligible for an interest repayment grant of 10% of the interest amount of a loan availed, up to ₹ 2,00,000 per year, for a period of two years. This benefit can be availed by 40 start-ups each year which the SPC shall select as per its guidelines.
1. This amount will be in addition to any other interest subsidy or loan provided under Chief Minister Rojgar Yojana (CMRY).
NOTE: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.
Eligibility
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Required Documents
- ✦Copy of the Aadhaar card of the Director/ CEO*.
- ✦Copy of Bank Loan statement showing payment of interest*.
- ✦Copy of No Default Certificate from Bank*.
- ✦The form and documents as mentioned in [Annexure 1](https://www.goa.gov.in/wp-content/uploads/2018/05/Schemes.pdf)*.
- ✦NOTE: The bank accounts of the Directors of the company should be linked to Aadhaar.
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- State Government
- Max benefit
- ₹5.0 L