"Capital Contribution Scheme" aims to support local entrepreneurs, promote industrial units, and develop special products based on locally developed technology. Financial support is provided to local entrepreneurs and existing functional units.
"Capital Contribution Scheme" aims to support local entrepreneurs, promote industrial units, and develop special products based on locally developed technology. Financial support is provided to local entrepreneurs and existing functional units.
Launched in 2008, the scheme "Capital Contribution Scheme" by the Department of Industries, Government of Goa aims to support local entrepreneurs, promote industrial units that venture out and develop special products based on locally developed technology. Through this scheme, financial support is provided to local entrepreneurs, existing functional units, and units that utilize locally developed technology. The scheme is implemented by the Directorate of Industries, Trade and Commerce. The objectives of the scheme are as follows:
1. To give financial support to local entrepreneurs.
1. To support existing functional units to venture out and expand.
1. To support locally developed technology.
Maximum capital contribution up to ₹1,00,00,000/- per unit will be available, subject to the condition that contributions of promoters should be equal to or more than the capital contribution by the Government. However, this restriction/condition shall not be applicable to sick units.
The capital contribution will be for 5 years as may be indicated in the sanctioned order with a guaranteed return of 6% or actual profit.
Disbursement of Funds
In case of approval, the capital contribution shall be released within a period of 60 days from the date of approval. The beneficiary must submit post-dated cheques for repayment and collateral security as per the scheme guidelines.
Step 1: Offline application
• The application should be submitted by the eligible units to the Directorate of Industries, Trade and Commerce in the specified format along with the required documents. • The Directorate of Industries, Trade and Commerce will scrutinize and consider the application within 3 months from the date of receiving it. The decision will be conveyed within 4 months from the date of receipt of the application.
Clusters or units must have been in operation for at least 3 years to be eligible, except those covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008.
Yes, partnership firms are eligible to apply, provided they are not covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008.
Private limited concerns are eligible to apply, except those covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008.
Only units that are permanently registered with the Directorate of Industries, Trade, and Commerce are eligible to apply for financial support.
Promoters must contribute an amount equal to or more than the capital contribution by the Government, except in the case of sick units.
The maximum capital contribution available per unit is [?]1,00,00,000, subject to budgetary provisions and promoter contributions.
The capital contribution is provided for a period of 5 years, with a guaranteed return of 6% or actual profit.
If a beneficiary fails to repay, the collateral security provided will be forfeited, and legal action may be taken as per relevant provisions.
Beneficiaries must provide collateral security equal to the quantum of contribution sought or the amount the unit is eligible for.
Yes, post-dated cheques for repayment must be submitted as security towards the amount sanctioned.
Funds are disbursed within 60 days of approval, after the submission of post-dated cheques and collateral security.
Applications are scrutinized within 3 months of receipt, and a decision is conveyed within 4 months of application submission.
Required documents include a Permanent Registration Certificate, Audited Statement of Accounts for 3 years, and a Project Report.
Yes, preference is given to units involved in research and development, small-scale sectors, and those run by women entrepreneurs.
The guaranteed return on the capital contribution is 6% or the actual profit generated by the unit.
Sick units are eligible for financial support, but they must be covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008.
Applications for sick units are considered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008, and not under this scheme.
Units must send duly discharged securities to the Public Debt Office by Registered and Insured Post for payment at other locations.
Securities must be tendered 20 days in advance at the Public Debt Office or the relevant bank branch, duly discharged.
Applications are accepted only on the official government portal.
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