Loan & Schemes

Schemes of Loan Assistance

General Term Loan Scheme

To provide financial assistance to small scale and medium scale units for setting up projects of eligible industrial activities for acquiring fixed assets like land, building, plant machinery and other miscellaneous

Scheme of Financial assistance against Mortgage of Immovable Properties

PURPOSE OF LOAN To provide financial assistance to existing units, with nil or nominal debt, to fund their projects for:

Scheme of Loan Assistance for Construction Projects.

PURPOSE OF LOAN To provide financial assistance to units engaged in construction projects (residential/commercial/residential cum commercial nature). Financial assistance for land, land development, cost of construction of buildings, Interior decoration, swimming pool, club house etc.

Composite Loan Scheme For EDC Clients With Good Track Record

To provide composite financial assistance to past/existing Corporation’s clients who have/ had a good track record of loan repayment or their associate or group concerns, by way of term loan against fixed assets and working capital term loan against current assets.

Scheme Of Loan Assistance To State Government Agencies

To provide finance to the State Government Departments/Corporations/ Board/Autonomous Bodies and other establishments.

Chief Minister’s Rojgar Yojana

For all educated unemployed 18 to 50 years in general; relaxable by 5 years in case of widow, disabled person, scheduled caste, scheduled tribe, other Backward class person.

Scheme of Term Loan Assistance To Qualified Professionals

To provide financial assistance to finance acquisition of premises, machinery and furniture & fixtures required for setting up new or acquiring additional fixed assets for professional practice / consultancy venture.

Personal Loan Scheme

To provide financial assistance for any legitimate and genuine personal expense, including any social / financial commitment as well as for acquiring new four wheeler/vehicle for personal use only and not for commercial purposes.

Mukhyamantri Modified Interest Rebate Scheme (MMIRS)

The Government of Goa has decided to boost the Goan economy by encouraging investments in various sectors. Industrial development is one such sector being promoted in a big way.

EDC Loan Compromise Settlement Guidelines(ELCSG)

EDC Loan Compromise Settlement Guidelines(ELCSG)

Exit Policy for distressed beneficiaries under the Chief Minister’s Rojgar Yojana (CMRY)

Government of Goa is pleased to notify the Exit Policy for distressed beneficiaries under the Chief Ministers Rojgar Yojana (CMRY)/Dr. Verghese Kurien Rojgar Yojana (VKRY).

Policy Guidelines for reconsidering/re-validating the OTS

Policy Guidelines for reconsidering/re-validating the One Time Settlement (OTS) offer given in past to all those borrowers, who have accepted the offer but failed to make the payment and close

Special One Time Settlement Scheme

EDC Limited has introduced special OTS scheme for old term loan accounts (other than CMRY) which are disbursed below Rs. 15.00 Lakh and pending for settlement for more than 15

EDC Credit Support scheme

To meet the temporary liquidity mismatch of existing borrowers arising out of COVID 19 pandemic for working capital requirements including payment of statutory dues, staff salaries, utility bills, rent, delayed receivables, etc.

Goa Tribal Employment Generation Programme(GTEGP) Scheme

To provide self employment opportunity to Goa’s Tribal unemployed from 18 to 45 years

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