What is the purpose of the Capital Contribution Scheme (Goa)?

The scheme aims to provide financial support to local entrepreneurs and existing industrial units in Goa, particularly those that venture into special products based on locally developed technology, to facilitate their expansion and promote industrial growth.

What is the maximum amount of financial support available?

Eligible units can receive a maximum capital contribution of up to ₹1 crore (₹10,000,000) per unit, subject to the condition that promoters' contributions match or exceed the government's contribution.

What are the eligibility criteria for units under this scheme?

Units must have been in operation for at least 3 years (except sick units), be registered with the Directorate of Industries, Trade and Commerce, and can be Partnership firms or Private Limited concerns. Preference is given to small-scale, R&D, technically oriented, and women-led units.

How does the application process work?

Applications must be submitted offline in the specified format to the Directorate of Industries, Trade and Commerce, along with all required documents. The Directorate scrutinizes applications within 3 months and conveys a decision within 4 months of receipt.

What is the 'guaranteed return' aspect of the scheme?

The scheme indicates a guaranteed return of 6% or actual profit on the capital contribution. This functions as the cost of the capital provided by the government during the 5-year tenure.

Capital Contribution Scheme (Goa) – Up to ₹1 Cr

The Capital Contribution Scheme, launched in 2008 by the Department of Industries, Government of Goa, aims to bolster the industrial landscape of the state by providing crucial financial backing to local entrepreneurs and existing functional units. This initiative is particularly focused on promoting industrial units that innovate and develop special products using indigenous technology, thereby fostering self-reliance and local economic growth. The scheme's core objectives are to offer financial assistance to new and expanding local enterprises, support the growth of established businesses, and specifically encourage the adoption and commercialization of locally developed technological innovations. It serves as a vital tool for industrial development in Goa, helping businesses overcome financial hurdles for expansion and technological integration. The scheme is continuously implemented by the Directorate of Industries, Trade and Commerce, ensuring ongoing support for Goa's entrepreneurial ecosystem.

Applications are rigorously scrutinized by the Directorate of Industries, Trade and Commerce. The evaluation process considers the unit's operational history, legal structure, registration status, and alignment with the scheme's objectives, including focus on local technology and sector preferences. The Directorate aims to complete the review within three months and communicate the final decision within four months of receiving the application.

The scheme offers a maximum capital contribution of up to ₹1 crore (₹10,000,000) per unit. This financial support is provided for a period of 5 years, with the condition that the promoter's contribution must be equal to or greater than the government's capital contribution, except for sick units. The scheme guarantees a return of 6% or actual profit on the capital contribution. Funds are disbursed within 60 days of approval, and beneficiaries are required to submit post-dated cheques for repayment along with collateral security as per the scheme guidelines. This provides crucial repayable capital for growth and expansion.

Capital Contribution Scheme (Goa)

Capital Contribution Scheme (Goa)

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