Loan for the Purchase of Tools (GBOCWWB)
By Goa Building and Other Construction Workers Welfare Board
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Quick Answer
Loan of ₹5,000 to buy tools for registered construction workers in Goa, from the Goa Building and Other Construction Workers Welfare Board.
About this loan
Registered construction workers in Goa can get a loan of ₹5,000 to buy tools. The Goa Building and Other Construction Workers Welfare Board, under the Department of Labour and Employment, Government of Goa, runs it.
You must be registered with the Board, aged 18 to 60, with three years of membership in the fund and regular contributions. You must also have completed ninety days of service as a registered worker in the year.
Eligibility
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Grant providers
The Goa Building and Other Construction Workers' Welfare Board runs welfare benefits for building workers in Goa. It was constituted on 10 April 2008 under the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, and it…
Learn moreBenefits & Funding
- Amount
- Up to ₹5,000
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
Registered workers with the Goa Building and Other Construction Workers Welfare Board are eligible for a loan of ₹5,000 specifically for the purchase of necessary tools. This financial aid directly supports their livelihood by enabling them to acquire the equipment essential for their trade, improving productivity and economic stability.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The scheme describes an application and submission process. The selection process beyond document submission is not explicitly detailed, but typically involves verification of eligibility criteria by the Goa Building and Other Construction Workers Welfare Board.
Application Process
- 1
Obtain Application Form
Download the form online or collect a hard copy from the Commissioner's Office.
You - 2
- 3
- 4
- 5
- 6
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.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the purpose of this scheme?
The scheme aims to provide financial assistance in the form of a loan to registered construction workers for the purchase of essential tools, thereby supporting their livelihood and enhancing their work capabilities.
Who is eligible to apply for this loan?
Workers registered with the Goa Building and Other Construction Workers Welfare Board, aged between 18 and 60 years, with at least ninety days of service as a registered worker in the current year, and three years of membership in the fund with regular contributions, are eligible.
What is the loan amount provided?
A loan of ₹5,000 is provided under this scheme.
How can I apply for the Loan for the Purchase of Tools?
Applications are accepted offline. Applicants must download the prescribed form from the Department of Labour and Employment website or collect a hard copy from the Commissioner's Office, fill it out, and submit it along with mandatory documents.
Is there an interest rate on the loan?
The provided details do not specify an interest rate for this loan.
Are there any repayment terms mentioned for the loan?
The duration or specific repayment terms of the loan are not detailed in the available information.
Sources
Data on this page is compiled from official program and provider references.
