EDC Citizen's Charter

EDC Citizens Charter
GENERAL : EDC Limited, incorporated on March 12, 1975 as a public limited company under
the Companies Act, 1956 and originally known as the Economic Development Corporation of Goa,
Daman & Diu Limited (EDC), has been the state financial institution set up by the Govt. of Goa
with the prime objective to promote industrial development.
Originally EDC had been operating in the Union Territory of Goa, Daman & Diu and thereafter the
State of Goa, besides Union territories of Daman & Diu and lately Dadra and Nagar Haveli. The
territorial area of operation has now been extended over the entire Union of India with amendment
to Memorandum & Articles of Association.
EDC Limited. being a Government Corporation, its policies and decisions are controlled by the
Board of Directors appointed by the Government of Goa having representation from government,
IDBI/ SIDBI, industries, social workers, elected members of the public and other professionals.
EDC has been acting as a State Industrial Development Corporation (SIDC), besides being
accorded the twin status of State Financial Corporation (SFC) by IDBI/SIDBI.
The equity capital of the company is mainly subscribed by the Government of Goa, Daman & Diu
Administration and IDBI.

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