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

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.

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Source: myScheme.gov.in ↗Last verified: 5 Oct 2026·YojnaGuru is not affiliated with or endorsed by any government body

About This Scheme

Scheme for Soft Loan to the Grant-in-aid/ Non-grant in Aid Institutions for Maintenance and Upgradation of Infrastructure Facilities is a Loan Scheme by the Directorate of Higher Education, Government of Goa. 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.

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

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

    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:

  • •

    The institution should be situated in Goa.

  • •

    The society which runs the institution should have been registered under the Societies Registration Act.

  • •

    The institution should have been in operation for at least 10 years, preceding the date of application of the loan.

  • •

    The institution should have a minimum strength of 300 students on campus.

  • •

    The average passing percentage should not be below 60% in the last three years out of five years immediately preceding the date of application for the loan.

  • •

    The institution seeking the loan should meet ANY ONE of the following two requirements:

  • •

    a) The institutions concerned should be affiliated with Goa University.

  • •

    b) The institutions should have been recognized by AICTE/MCI/ACI/DCI or any other statutory body of the Government of India/Government of Goa.

  • •

    > Preference/ Priority

  • •

    A special preference shall be given to the institutions from less developed Taluka’s such as Canacona, Pernem, Sattari, Sanquelim, Quepem, Bicholim and Sanguem.

  • •

    Since the financial facilities under the scheme at any point in time are limited, priority would be given to the older institutions over the newer ones.

Required Documents

  • ✦
    An approved plan of construction.
  • ✦
    The cost estimate of the project, duly certified by a Registered Engineer and Chartered Accountant.
  • ✦
    The latest audited statements of accounts of the institution.
  • ✦
    Documents of the sale deed/long lease deed or any other documents which indicate the ownership of the land where the building will stand.

✦ Required ◦ Optional

How to Apply

IIn-person

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

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

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

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

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

Apply here ↗

Quick Info

Level
State Government

Available In

Goa

Categories

Banking,Financial Services and InsuranceTransport & Infrastructure

Data Sources