Interest Subsidy Scheme, 2008
By Directorate of Industries, Trade and Commerce, Government of Goa
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Quick Answer
A scheme by the Government of Goa providing annual interest subsidies up to ₹5 lakh for 5 years to new Micro and Small Enterprises.
- Funding amount
- Up to ₹5L
- Funding type
- Subsidy
- Application deadline
- Closed
- Eligible stage
- Revenue
- Location
- Goa
- Registrations needed
- Udyam registration
Results & next round
Applications for this round closed on 31 May 2011. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by Directorate of Industries, Trade and Commerce, Government of Goa. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this subsidy
Launched in 2008 by the Directorate of Industries, Trade and Commerce, Government of Goa, the 'Interest Subsidy Scheme, 2008' aimed to significantly boost economic growth and industrial viability within the state. This initiative was designed to provide crucial financial incentives in the form of interest subsidies to new Micro and Small Enterprises (MSEs), thereby making their operational costs more manageable and fostering a conducive environment for industrial expansion. The scheme was a key component of the state's efforts to encourage entrepreneurship and reduce the financial burden on emerging businesses, contributing to overall economic development in Goa. It remained active until March 31, 2011, supporting eligible units that had commenced commercial production and were formally registered with the Directorate. The program was instrumental in lowering the financial barriers for nascent businesses in specific industrial categories, ensuring sustained growth and economic resilience across the region.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
Benefits & Funding
- Amount
- Up to ₹5L
What You Get
- Incentives were given to eligible units to the extent of 1% of the total net turnover or 30% of the interest paid by the units, whichever was less, subject to a ceiling of ₹5,00,000 per annum.
- The benefit under this Scheme was for a period of 5 years (20 quarters) from the quarter of applicability, providing long-term financial relief.
- This subsidy directly supported new Micro and Small Enterprises by reducing their interest burden, thereby enhancing their operational viability and promoting sustained industrial growth in Goa.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Selection Process
The Task Force Committee scrutinized and recommended the applications within 3 months from the receipt of such applications. This evaluation ensured that only qualifying enterprises, meeting all eligibility criteria, proceeded to the next stage. Recommendations were then forwarded for final approval and disbursement.
Application Process
- 1
Obtain Application Form
Applicants had to obtain the specified proforma from the Directorate or download it from the official website.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
Submit on the official portal
Use the official application link and verify all details before final submission.
- 2
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What was the purpose of the Interest Subsidy Scheme, 2008?
The scheme aimed to boost economic growth in Goa by providing financial incentives to new Micro and Small Enterprises (MSEs) in the form of interest subsidies, making their operations more viable and promoting industrial growth.
Which enterprises were eligible for this scheme?
Only new Micro and Small Enterprises that commenced commercial production after the scheme's launch and were permanently registered with Entrepreneur Memorandum II by the Directorate of Industries, Trade and Commerce, Government of Goa.
What was the maximum benefit amount available?
Eligible units could receive an interest subsidy of up to ₹5,00,000 per annum, calculated as 1% of total net turnover or 30% of interest paid, whichever was less.
How long could an enterprise avail benefits under the scheme?
Benefits were available for a period of 5 years (20 quarters) from the quarter in which commercial production commenced.
What was the application deadline for the scheme?
Applications had to be submitted after the closing of every financial year and before May 31st. The scheme itself was in force until March 31, 2011.
What types of loans were eligible for this subsidy?
The scheme was applicable to units that had availed term loans and working capital from nationalized banks, scheduled banks, Co-operative Banks, Economic Development Corporation Ltd., or any other financial institution notified by the Government of Goa.
