Government Schemes


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. The loan
assistance under this scheme shall be granted for:
1. Acquisition of fixed assets like land, building, plant & machinery and
other miscellaneous assets and current assets for expansion,
modernization, diversification, renovation. etc.
2. Repayment of outstanding term loan/working capital (only standard
asset) of other banks/ financial institutions.
Units engaged in industrial, tourism related, service and commercial
activities who have been past / existing Corporation’s clients who fulfill
the following criteria:
1. The promoter(s) holding 15% or more equity stake in the borrowing
entity should have:
a. More than 5 years business association with the Corporation.
b. Maintained good repayment track record with the Corporation
for minimum last three years of the association with the
This promoter(s) should have at least 15% or more equity stake in
the entity in which he/she was a past/existing borrower of the
2. The repayment history & past dealings of the promoters/unit /sister
concerns/group concerns with the Corporation/Banks/FIs should
have been satisfactory and the loan account classified as standard
for past two consecutive years with bank/financial institution in case
of takeover of loans.
3. The borrower/applicant should be in operation for minimum five
years and in cash profit for previous two financial years.
4. The proposed property to be mortgaged should not be presently
leased out/rented out and should not be leased out/rented out in
future without the permission of the Corporation.
5. The applicant should furnish all the required approvals and be
agreeable to mortgage its immovable property as prime security
and hypothecate its moveable assets with first charge to the
Corporation or on pari-passu basis in case of consortium finance.
In the State of Goa.
The maximum amount of loan shall be subject to the following limits:
Proprietary concerns : 800.00 lakh
Partnership firms : 1000.00 lakh
Corporate bodies/ Limited liability Partnership : 2500.00 lakh
The maximum limit working capital loan shall be at 40% of the above.
The loan assistance could be considered up to 75% on the value of
existing immovable properties i.e. land and building of the unit and
additional non-agricultural properties offered as additional/collateral
security by the applicant (The valuation will be carried out by the
The loan assistance shall be considered subject to the unit providing
adequate security with the project being technically feasible and
financially viable as per the norms and guidelines of the Corporation.
The actual amount of loan sanctioned shall be decided by the
Corporation. If the requirement of the loan for a project is in excess of
the above limits, the Corporation may consider in consortium with other
Financial Institutions/Banks.


For loans upto 50.00 lakhs 3:1
For loans above 50.00 lakhs 2:1
A minimum margin of 25% of the fixed assets and also 25% of the
working capital requirement of the unit during normal year shall have to
be brought in by the applicant.
The loan shall be secured as per the norms of the Corporation by first
charge of the Corporation on the following security with clear
marketable title:
Primary: The assets financed i.e. land, building & machinery, etc.
Exclusive/ pari-passu first charge by way of hypothecation of current
Additional/Collateral: Commercial or residential non-agricultural
immoveable properties or any other security acceptable to the
Corporation on case-to-case basis, if required.
Personal Guarantee of the promoters/directors/a suitable person of
sound financial means, etc. could be insisted in addition to the above
wherever felt necessary by the Corporation.
In case of ceding of second charge to other bank/ financial institution
reciprocal second charge from the bank/ financial institution will be
insisted upon.
1% of the loan amount subject to maximum of 2.00 lakh (plus GST as
applicable). The processing fees to be paid shall be as follows:
Preliminary application: 10,000.00 (plus GST as applicable)
Final application: Total processing fees payable less fees paid earlier.
All the processing fees are non-refundable.
INTEREST RATE (w.e.f. 01.07.2021)
Term Loan Interest Rate
Up to 50.00 L 9.50% p. a. (Fixed).
Above 50.00 L up to 100.00 L 9.50% p.a. to 11.50% p.a.*
Above 100.00 L 9.50% p.a. to 12.50% p.a.*
*The interest rate shall be decided based on the Credit Rating of the
applicant, as per the Corporation’s guidelines.
The loan is repayable within 8 years including a moratorium period upto
2 years, depending on repayment capacity of the project. The
repayment will be in monthly/quarterly installments.
1. The minimum promoter’s contribution shall be 25% of the project
2. The loan shall be disbursed after execution of legal documents and
compliance of terms of sanction/ disbursement formalities. The loan
disbursement shall be in proportion to the investment made on land,
building, machinery etc and as per other terms and conditions
governing the sanction.
3. The loan proposal shall be considered on its own merit and mere
compliance of the eligibility and other criteria may not entitle the
applicant for sanction of loan.
4. In case the loan proposal is considered by mortgage of immovable
property lower margin on security could be considered.

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