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.
About This Scheme
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
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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
Quick Info
- Level
- State Government