Self Employment Scheme - Goa
By Goa State Scheduled Tribes Finance and Development Corporation
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Quick Answer
Scheduled Tribes individuals and groups in Goa can get self-employment loans of up to ₹10,00,000 for individuals and up to ₹15 lakh (₹15,00,000) for groups, with 10% margin money.
About this loan
Scheduled Tribes (ST) individuals in Goa can borrow up to ₹10,00,000 for self-employment. Associations, Societies, Partnerships, Self-Help Groups (SHGs) and Companies formed exclusively by ST members can borrow up to ₹15,00,000. The scheme is run by the Goa State Scheduled Tribes Finance and Development Corporation Limited.
You put in 10% margin money of the project cost. You must insure your life and the business against fire, theft and natural calamities. The policy is endorsed in the Corporation's name, and any compensation is adjusted against the outstanding loan.
Family income must not exceed ₹1,00,000 per annum and the applicant must be no older than 55. You need two guarantors with sound finances, one of them a Government Servant.
Eligibility
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Grant providers
Benefits & Funding
- Amount
- Up to ₹1.5Cr
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The scheme offers significant financial support in the form of a loan, designed to kickstart or expand self-employment ventures for the Scheduled Tribes community in Goa. Individuals can secure a loan up to ₹10,00,000, while Associations, Societies, Partnerships, Self-Help Groups (SHGs), and Companies formed exclusively by ST members are eligible for financial assistance up to ₹15,00,000. This loan facility aims to cover various project costs, from initial setup to operational expenses. A key aspect of the scheme is the requirement for beneficiaries to contribute a 10% margin money towards the total project cost, ensuring a level of commitment and ownership. In addition to the direct financial aid, the scheme mandates comprehensive insurance coverage for both the beneficiary's life and the business activity against perils like fire, theft, and natural calamities. This insurance policy, endorsed in the Corporation's name, acts as a safeguard, with any compensation received being adjusted against the outstanding loan, providing a layer of security for both the borrower and the Corporation.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for the Self-Employment Scheme involves a thorough evaluation of the submitted applications to ensure alignment with the scheme's objectives and the applicant's eligibility. Upon submission of the application form and all mandatory documents, the Department of Tribal Welfare, Government of Goa, conducts an initial screening to verify completeness and adherence to basic criteria. Eligible applications are then subjected to a detailed review by the Corporation's internal committee. This review typically assesses the viability of the proposed self-employment activity, the financial soundness of the project, and the applicant's capacity to manage the venture. The eligibility of the two guarantors, including the mandatory government servant guarantor, is also rigorously checked for their financial standing. In deserving cases, the Board of Directors (BOD) holds the authority to relax certain eligibility criteria, indicating a flexible approach to support genuine entrepreneurs from the Scheduled Tribes community. Shortlisted applicants may undergo further interactions or site visits to validate their proposals before final approval.
Application Process
- 1
Visit Department
Visit the Department of Tribal Welfare, Government of Goa, to initiate the application.
You - 2
- 3
- 4
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Who is eligible to apply for the Self-Employment Scheme?
The scheme is open to individuals, associations, societies, partnerships, self-help groups (SHGs), and companies exclusively formed by members of the Scheduled Tribes (ST) Community in Goa, provided their family income does not exceed ₹1,00,000 per annum and the applicant's age is not more than 55 years.
What is the maximum financial support available under this scheme?
Individuals can receive a loan of up to ₹10,00,000, while associations, societies, partnerships, SHGs, and companies are eligible for financial assistance up to ₹15,00,000.
Is there any co-financing requirement?
Yes, beneficiaries are required to contribute 10% of the project cost as margin money. This condition may be relaxed for individuals in deserving cases, but it remains mandatory for associations and other collective entities.
What kind of activities can be funded?
The scheme provides financial support for any self-employment activities that are approved by the Goa State Scheduled Tribes Finance and Development Corporation Limited.
What are the guarantor requirements for this loan?
Applicants must provide two guarantors with sound financial status, and one of these guarantors must necessarily be a Government Servant.
How can I apply for this scheme?
Applications are processed offline. Interested applicants should visit the Department of Tribal Welfare in Panaji, Goa, to obtain the application form, fill it out with all necessary details and documents, and submit it to the concerned authority.
Sources
Data on this page is compiled from official program and provider references.
