Short Term Loan Scheme
By Goa State Scheduled Tribes Finance and Development Corporation
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Quick Answer
Provides short-term loans up to ₹1 lakh at 2% interest to individuals from the Scheduled Tribe (ST) Community in Goa for business, education, or medical purposes.
About this loan
The "Short Term Loan Scheme" is an initiative by the Goa State Scheduled Tribes Finance and Development Corporation Limited, operating under the Department of Tribal Welfare, Government of Goa. This scheme is designed to offer crucial financial assistance and loans to individuals belonging to the Scheduled Tribe (ST) Community within the state of Goa. The primary objective is to help these individuals meet urgent expenses related to education, medical needs, and business requirements. By providing timely credit, the scheme aims to elevate their standard of living and foster greater inclusion into mainstream society. This program addresses immediate financial gaps, ensuring that members of the ST community have access to capital for critical personal and entrepreneurial endeavors, thereby promoting socio-economic development and self-reliance.
Eligibility
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Grant providers
Benefits & Funding
- Amount
- Up to ₹1L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
This scheme offers a Short Term Loan of up to ₹1,00,000 (One Lakh Indian Rupees) to eligible individuals. The loan is provided as an advance to meet urgent financial requirements across various categories, including business, education, and medical purposes. The interest rate is a highly subsidized 2% per annum. For education purposes, the repayment tenure is up to 20 months in a maximum of 20 installments, while for business and medical purposes, it is up to 10 months in a maximum of 10 installments. A uniform moratorium period of 3 months is provided before repayments begin, offering a crucial grace period. This financial support is designed to provide immediate relief and enable individuals to pursue essential needs without undue financial burden.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Visit Office
Applicant visits the Corporation's office in Panaji, Goa.
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
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
What is the maximum loan amount available under this scheme?
The scheme offers a Short Term Loan of up to ₹1,00,000 (One Lakh Indian Rupees) to eligible applicants.
What is the interest rate for the loan?
The loan is provided at a subsidized interest rate of 2% per annum, with a penal interest of 1% on overdue installments.
Who is eligible to apply for this loan?
Only individuals belonging to the Scheduled Tribe (ST) Community of the State of Goa are eligible to apply. Applicants can reapply if they have cleared all previous loans under this scheme.
What can the loan be used for?
The financial assistance/loan is provided to meet immediate expenses towards Education, Medical, and Business needs.
What is the repayment period and moratorium for the loan?
For education purposes, the loan is repayable within 20 months (20 installments), and for business and medical purposes, it's repayable within 10 months (10 installments). A moratorium period of 3 months applies to all loans before repayments start.
Is the application process online or offline?
The application process is entirely offline. Interested applicants must visit the Goa State Scheduled Tribes Finance and Development Corporation Ltd office to obtain, fill, and submit the application form along with the required documents.
Sources
Data on this page is compiled from official program and provider references.
