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Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008

The "Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008" aimed to encourage local youths to start income-generating activities and promote self-employment. The scheme provided financial support for individuals and groups, covering 50% of the project cost.

Start date30 Jan 2009

End date / Deadline31 Mar 2011

Last verifiedToday

Official Source ↗

About This Scheme

Launched in 2008, the scheme "Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008" by the Directorate of Industries, Trade and Commerce, Government of Goa aimed to encourage local youths, preferably of Goan origin, to start income-generating activities by providing share capital contribution for industrial and self-employment opportunities. The scheme offered financial support up to ₹2,00,000/- per individual (₹3,00,000/- for those with professional qualifications) and up to ₹10,00,000/- for groups, covering 50% of the project cost. Eligible applicants included individuals or groups of individuals who were residents of Goa for at least 15 years, with preference given to women, disabled persons, and those from Scheduled Castes, Scheduled Tribes, and Other Backward Classes. The scheme was implemented by the Directorate of Industries, Trade and Commerce, Goa, and remained in force until 31st March 2011.

Benefits

Capital Contribution

₹2.0 L

₹2,00,000/- per individual, covering 50% of the total project cost.

₹3.0 L

₹3,00,000/- per individual for those with professional qualifications, provided the business activity was linked to their qualifications.

₹10.0 L

₹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.

₹200

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.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Proof of Residence
✦
Educational Certificate
✦
Income Certificate
✦
Proof of Age
✦
Training Certificates (if applicable, for professional qualifications)
✦
House Tax Receipt or Form I/XIV (as proof of property for guarantor)
✦
Caste Certificate (if applicable, for age relaxation)
✦
Disability Certificate (if applicable, for age relaxation)

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level: Central Government
Max benefit: ₹10.0 L
Launched: 30 Jan 2009
Deadline: 31 Mar 2011