Sarkari Yojana
Interest Subsidy Scheme, 2008
About Interest Subsidy Scheme, 2008
The Directorate of Industries, Trade and Commerce, Government of Goa, launched the “Interest Subsidy Scheme, 2008” in 2008 to drive economic growth in the state by giving Micro and Small Enterprises interest subsidies. New enterprises received financial incentives that made their operations more viable and encouraged industrial growth. Units qualified if they started commercial production after the scheme began and were registered with the Directorate. The scheme was in force until 31st March, 2011.
Scheme Overview
State Government
Business Entity
30 Jan 2009
Scheme Details
Eligibility Requirements
To qualify for Interest Subsidy Scheme, 2008, applicants must satisfy the following conditions:
Facilities were open only to new Micro and…
Facilities were open only to new Micro and Small Enterprises whose commercial production began after this Scheme commenced.
A unit had to hold permanent registration with…
A unit had to hold permanent registration with Entrepreneur Memorandum II from the Directorate of Industries, Trade and Commerce.
The benefit ran for 5 years (20 quarters)…
The benefit ran for 5 years (20 quarters) following the quarter in which commercial production started.
Industries on the "Green" list and the specified…
Industries on the "Green" list and the specified "Orange" List were covered (units under Orange II, II B could not claim the benefit).
Units under a revival plan, as defined by…
Units under a revival plan, as defined by the sick unit revival policy, were excluded.
Covered units were those with term loans and…
Covered units were those with term loans and working capital from nationalized banks or scheduled bank or Co-operative Bank or Economic Development Corporation Ltd. or any other Financial Institution notified by the Government of Goa.
Benefits Provided
Interest Subsidy Scheme, 2008 provides the following benefits to eligible applicants:
Eligible units received the lower of 1% of…
Eligible units received the lower of 1% of total net turnover or 30% of the interest they paid, up to a ceiling of ₹5,00,000/- per annum.
The benefit lasted 5 years (20 quarters), counted…
The benefit lasted 5 years (20 quarters), counted from the quarter of applicability.
Documents Required
Applicants should keep the following documents ready before starting the application:
Certificate from the Nationalized Banks/specified Financial Institutions Stating…
Certificate from the Nationalized Banks/specified Financial Institutions Stating the Total Interest the Unit Paid.
Evidence of the Date Commercial Production Began, as…
Evidence of the Date Commercial Production Began, as Recorded by the Directorate of Industries, Trade and Commerce.
Proof of Registration Under Entrepreneur Memorandum II
Proof of Registration Under Entrepreneur Memorandum II.
Financial Statements Giving Net Turnover (Net of Discounts…
Financial Statements Giving Net Turnover (Net of Discounts and Excluding Taxes Such as Sales Tax and Excise).
2009-01-30
How to Apply
Offline Application
Applicants can apply for Interest Subsidy Scheme, 2008 through the offline application process outlined below.
Applicants collected the prescribed proforma from the Directorate…
Applicants collected the prescribed proforma from the Directorate of Industries, Trade and Commerce, or downloaded the format from the Directorate's official website.
The printed form had to be completed in…
The printed form had to be completed in all mandatory fields, with a passport-sized photograph pasted on it and copies of all mandatory documents attached (self-attested, if required).
The signed form and documents were then submitted…
The signed form and documents were then submitted to the Task Force Committee set up under the Scheme. Deadline: Applications were to be filed once each financial year had closed, and before 31st May. Post-Application Processes
Within 3 months of receiving the applications, the…
Within 3 months of receiving the applications, the Task Force Committee examined and recommended them.
Payment was released within 6 months of the…
Payment was released within 6 months of the date the applications were received.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.