Sarkari Yojana
Incentives to Women Entrepreneurs Scheme, 2008
About Incentives to Women Entrepreneurs Scheme, 2008
The Directorate of Industries, Trade and Commerce, Government of Goa rolled out the “Incentives to Women Entrepreneurs Scheme, 2008” in 2008 to foster entrepreneurship among women and encourage self-employment through extra incentives for industrial units owned by women. These included interest subsidies, an added employment subsidy and preference under capital contribution schemes. Units owned by women as proprietary concerns or partnerships, meeting set ownership thresholds, could benefit. The scheme was in force until 31st March 2011.
Scheme Overview
State Government
Business Entity, Individual
15 Jan 2009
31 Mar 2011
Scheme Details
Eligibility Requirements
To qualify for Incentives to Women Entrepreneurs Scheme, 2008, applicants must satisfy the following conditions:
The scheme covered only proprietary concerns fully (100%)…
The scheme covered only proprietary concerns fully (100%) owned by women and partnership firms in which women held 51%.
In a partnership firm, the remaining 49% could…
In a partnership firm, the remaining 49% could not be held wholly by the husband, father, brother, or son; at least one more partner outside these relatives was needed.
Units beginning commercial production or service on or…
Units beginning commercial production or service on or after the date this scheme was published qualified.
Under the Capital Contribution and Special Capital Contribution…
Under the Capital Contribution and Special Capital Contribution Schemes, women entrepreneurs received preference.
Benefits Provided
Incentives to Women Entrepreneurs Scheme, 2008 provides the following benefits to eligible applicants:
Interest Subsidy
Subsidy began with the interest for the quarter…
Subsidy began with the interest for the quarter just before the quarter in which commercial production first started.
It ran for 5 years (20 quarters) counted…
It ran for 5 years (20 quarters) counted from the quarter of applicability.
The amount was the lower of 1% of…
The amount was the lower of 1% of total net turnover or 30% of interest paid by the unit, capped at ₹5,00,000/- per annum.
For the Interest Subsidy Scheme, these limits were…
For the Interest Subsidy Scheme, these limits were raised from 1% to 2% of turnover and from 30% to 35% of interest paid, with an overall ceiling of ₹8,00,000/-. Additional Benefits
Under the Local Employment Subsidy Scheme, women-owned units…
Under the Local Employment Subsidy Scheme, women-owned units got an extra 5% beyond their entitlement under the original scheme.
Capital Contribution and Special Capital Contribution Schemes gave…
Capital Contribution and Special Capital Contribution Schemes gave them preference. Payment was released by the Task Force Committee within 6 months of the application being received.
Documents Required
Applicants should keep the following documents ready before starting the application:
Certificate from Nationalized Banks or Specified Financial Institutions…
Certificate from Nationalized Banks or Specified Financial Institutions showing the total interest paid by the unit.
2009-01-15
How to Apply
Offline Application
Applicants can apply for Incentives to Women Entrepreneurs Scheme, 2008 through the offline application process outlined below.
Application Process
Applicants claimed benefits under the parent Scheme whose additional benefits were described in this Scheme.
The procedures, rules and other requirements of those parent Schemes, under which the special benefits were given, also governed claims under this Scheme.
A Task Force Committee made up of members from the Directorate of Industries, Trade and Commerce, the Finance Department and industry associations examined and recommended applications within 3 months of receiving them.
Deadline: Claims were to be filed in the specified proforma once each financial year closed, and no later than 31st May.
A year's claim (four quarters) not admitted by 31st May lapsed, though the unit stayed eligible for the remaining benefit period.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.