What is EDC Ltd.

EDC Limited is a premier financial institution in Goa. Formerly known as Economic Development Corporation of Goa, Daman & Diu, it was incorporated on 12th March 1975 and has during the last 40 years of its existence  been a catalyst for economic development and  industrial growth in Goa.

The history of EDC is a repertoire of achievements. It has already extended financial assistance of over Rs.2250 crores by way of term loans to more than 9000 industrial and service sector projects. Some of these projects have resulted in generating large scale economic activity and crores of rupees in revenue for the state. Thousands of jobs created by units financed by EDC, directly and indirectly, have helped the state to ease the problem of unemployment.

The Corporation also successfully operates its  flagship scheme,  the  Chief Minister’s Rojgar Yojana targeted at the unemployed youth of Goa and has so far sanctioned Rs 1000 crores to around 5500 entrepreneurs.

EDC takes pride in its versatility which  is a pre-requisite in today’s challenging business environment and  has geared itself to diversify from a prime lending institution into a result oriented financial institution of trust and confidence in the financial sector.
The equity capital of the corporation is subscribed by the Govt. of Goa and  also Daman & Diu Administration and IDBI. The present shareholding of the Corporation as on 31/03/2016 is as follows.

 

 Amount (Rs. In Lakhs)

 Percentage

 Government of Goa

 Rs. 8620. 53

 85.42%

 IDBI

 Rs. 1153.22

 11.42%

 Administration of daman & Diu

 Rs. 319.00

 3.16%

 Total

 Rs. 10092.75

 100%