Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008
By Directorate of Industries, Trade and Commerce, Government of Goa
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Quick Answer
An interest-free loan scheme by the Goa Government providing up to ₹2 lakh (individual) or ₹10 lakh (group) as share capital for local entrepreneurs and self-employed Goan youth.
Results & next round
Applications for this round are closed. 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 loan
Launched in 2008 by the Directorate of Industries, Trade and Commerce, Government of Goa, the "Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008" aimed to foster entrepreneurship among local youths, particularly those of Goan origin. The scheme provided crucial share capital contributions to facilitate the establishment of industrial and self-employment ventures. It offered financial support structured as an interest-free loan, covering 50% of the project cost, with varying limits for individuals and groups. The program specifically targeted residents of Goa with a minimum 15-year residency, extending preferential treatment to women, disabled persons, Scheduled Castes, Scheduled Tribes, and Other Backward Classes. The scheme was a significant initiative to boost local economic activity and self-reliance, remaining active until March 31, 2011, and was a key component of the state's efforts to support grassroots entrepreneurship. Its focus on providing direct financial aid with a flexible repayment structure and an insurance safety net made it accessible to a broad demographic of aspiring entrepreneurs in Goa.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Benefits & Funding
- Amount
- Up to ₹1Cr
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The scheme provided significant financial assistance in the form of an interest-free loan. Individuals could receive up to ₹2,00,000, with professionally qualified individuals eligible for up to ₹3,00,000. Groups could avail a maximum of ₹10,00,000. The funding covered 50% of the total project cost. Beneficiaries had a generous repayment period of 10 years, coupled with a moratorium of up to one year. Additionally, the scheme included a special insurance cover, which absolved beneficiaries of outstanding dues in the event of death or permanent disability, providing a crucial safety net for entrepreneurs.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Selection Process
Applications were scrutinized by a Task Force Committee (TFC) to assess their feasibility. The TFC reviewed all submitted documents and the proposed income-generating activity, recommending eligible applicants for financial assistance. The Director of Industries, Trade and Commerce also held the authority to relax specific scheme provisions, with prior government approval, to ensure deserving cases received support.
Application Process
- 1
Purchase Form
Applicant purchases the application form from the Directorate of Industries, Trade and Commerce.
You - 2
- 3
- 4
- 5
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
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the maximum funding available under this scheme?
The scheme provides up to ₹2,00,000 for individuals, ₹3,00,000 for professionally qualified individuals, and up to ₹10,00,000 for groups. The funding covers 50% of the total project cost.
Is the loan interest-free?
Yes, the capital contribution provided under this scheme is entirely interest-free.
What are the repayment terms?
Repayment is to be made in equal monthly installments over a period of 10 years, with a moratorium period not exceeding one year.
Who is eligible to apply?
Individuals or groups of individuals who are residents of Goa for at least 15 years, are below 40 years of age (with a 5-year relaxation for certain categories), have passed at least 8th standard, and whose annual family income does not exceed ₹80,000.
Are there any preferences for certain applicants?
Yes, preference is given to women entrepreneurs, self-help groups of women, disabled persons, Scheduled Castes, Scheduled Tribes, and Other Backward Classes. 30% of the budgeted outlay is reserved for women entrepreneurs.
How do I apply for the scheme?
Applicants must purchase an application form for ₹25 from the Directorate of Industries, Trade and Commerce in Panaji, fill it out completely, pay a non-refundable processing fee of ₹200, and submit the completed form with all required documents to the Directorate.
