Interest Subsidy Scheme, 2008
Directorate of Industries, Trade and Commerce, Government of Goa · Central government
The Government of Goa scheme funds new Micro and Small Enterprises with annual interest subsidies up to ₹5 lakh for 5 years.
Closed. Applications closed on 31 May 2011. The details below describe the most recent cycle.
Key facts
- Subsidy amount
- Up to ₹5,00,000
- Instrument
- Subsidy
- Deadline
- 31 May 2011
- Disbursement
- Reimbursed after spend
About this scheme
The Interest Subsidy Scheme, 2008, was introduced by the Directorate of Industries, Trade and Commerce, Government of Goa, in 2008. Its objective was to support new Micro and Small Enterprises (MSEs) by offering interest subsidies, thereby reducing their operational expenses and encouraging industrial growth within the state. The initiative formed part of the state's broader strategy to promote entrepreneurship and ease the financial load on emerging businesses.
The scheme remained operational until March 31, 2011. It applied to eligible units that had begun commercial production and held formal registration with the Directorate. By addressing financial barriers for businesses in select industrial categories, the programme aimed to contribute to sustained economic development and resilience in Goa.
Who can apply
- Eligible business forms
- Private limited company, Limited liability partnership, One person company, Partnership firm, Sole proprietorship
- Udyam registration
- Not specified
- MSME registration
- Required
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Goa
- Only new Micro and Small Enterprises that commenced commercial production after the scheme's launch were eligible. - Units had to be permanently registered with Entrepreneur Memorandum II by the Directorate of Industries, Trade and Commerce. - The scheme applied to industries under the 'Green' list and specified 'Orange' List (excluding Orange II, II B units). - Not applicable to units under a revival plan as defined by sick unit revival policy. - Units must have availed term loans or working capital from nationalized banks, scheduled banks, Co-operative Banks, Economic Development Corporation Ltd., or other financial institutions notified by the Government of Goa. - Eligible for benefits for 5 years (20 quarters) following the quarter in which commercial production commenced.
How to apply
- Step 1: Secure the designated proforma from the Directorate of Industries, Trade and Commerce, or download the prescribed format from the official website. - Step 2: Print the form, complete every required field, affix a passport-sized photograph, and enclose self-attested copies of all necessary documents. - Step 3: Deliver the fully completed and signed application, together with the supporting documents, to the Task Force Committee established under the Scheme. - Deadline: Submission of applications was required following the conclusion of each financial year and no later than 31st May.
How applications are assessed
The Task Force Committee reviewed each application and issued its recommendations within three months of receipt. This assessment confirmed that only enterprises satisfying all eligibility requirements advanced to the subsequent stage. The committee's recommendations were then submitted for final approval and subsequent disbursement.
Frequently asked questions
What was the purpose of the Interest Subsidy Scheme, 2008?
The scheme provided financial incentives to new Micro and Small Enterprises (MSEs) in Goa through interest subsidies, aiming to improve their operational viability and support industrial growth in the state.
Which enterprises were eligible for this scheme?
Only new micro and small enterprises that began commercial production after the scheme’s launch and held a permanent Entrepreneur Memorandum II registration with the Directorate of Industries, Trade and Commerce, Government of Goa, are eligible.
What was the maximum benefit amount available?
Eligible units could receive an interest subsidy of up to ₹5,00,000 per year, computed as the lower of 1% of total net turnover or 30% of interest paid.
How long could an enterprise avail benefits under the scheme?
Benefits applied for 5 years (20 quarters), starting from the quarter in which commercial production began.
What was the application deadline for the scheme?
Applications were required to be filed after the close of each financial year and no later than May 31st. The scheme remained operational until March 31, 2011.
What types of loans were eligible for this subsidy?
The scheme applied to units that had obtained term loans and working capital from nationalised banks, scheduled banks, co-operative banks, the Economic Development Corporation Ltd., or any other financial institution notified by the Government of Goa.
Sectors
- Interest Subsidy
- Micro Enterprise
- Small Enterprise
- Goa
- Economic Development
- Industrial Growth
Details last verified on 3 August 2026. Source: the issuer's published information.