Goa State 25% Subsidy for Self Employed Scheme
Directorate of Industries, Trade and Commerce, Government of Goa · Central government
The Goa State 25% Subsidy for Self Employed Scheme funds self-employment activities with a 25% subsidy on fixed capital investment, encouraging regular loan repayment.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
The Directorate of Industries, Trade, and Commerce, Government of Goa, administers the Goa State 25% Subsidy for Self Employed Scheme. Its purpose is to expand self-employment opportunities and encourage existing scheme beneficiaries to keep up with regular loan repayments.
A 25% subsidy is provided on fixed capital investment for industrial and self-employment activities. This covers assets such as premises, plant and machinery, furniture, office equipment, and alternate power sources, thereby lowering the financial load on entrepreneurs.
Applications are submitted physically at the Economic Development Corporation (EDC) office in Panaji-Goa. The scheme is structured to support sustainable business growth and financial discipline among self-employed individuals and firms in Goa.
Who can apply
- Eligible business forms
- Sole proprietorship, Partnership firm
- Udyam registration
- Not specified
- MSME registration
- Not required
- DPIIT startup recognition
- Not required
- GST registration
- Not specified
- Where the business may be based
- Goa
- Applicant must be an individual, a group of individuals, or a Partnership Firm. - Must have availed financial assistance for self-employment under the Chief Minister’s Rozgar Yojana (CMRY), Dr. Verghese Kurien Rojgar Yojana (VKRY), or from Nationalized/Scheduled Commercial/Co-operative Banks, and registered Credit Societies. - Combined annual income of the applicant and spouse must not exceed ₹3,00,000. - Minimum 7th grade passed (relaxable in deserving cases). - Applicant must be below 42 years of age (age limit relaxable by 5 years for women, disabled, SC/ST, and OBC). - Applicant must be born in Goa and a resident for at least 15 years prior to application. - The activity carried out must not be covered under the Red Category or related to tobacco and liquor. - Must not be receiving assistance under VKRY/CMRY for specific vehicle acquisitions or be a beneficiary of other government subsidy schemes providing 25% or more.
How to apply
- Obtain the prescribed application proforma from the Economic Development Corporation, Panaji. - Fill out the application form completely and pay ₹25/- as the form cost, along with a non-refundable processing fee of ₹200/-. Attach the processing fee receipt to your submission. - Submit the completed application, addressed to the Managing Director of the Economic Development Corporation, in person at the office located at EDC House, Panaji-Goa. - Beneficiaries currently receiving assistance under the Chief Minister’s Rozgar Yojana or Dr. Verghese Kurien Rojgar Yojana Scheme are not required to apply separately, as they are automatically included under this scheme.
How applications are assessed
The Task Force Committee (TFC), constituted under the Chief Minister’s Rozgar Yojana/Dr. Verghese Kurien Rojgar Yojana Scheme, examines every application received and subsequently recommends eligible ones for the subsidy. For proposals already appraised under the same scheme, the TFC acts as the sanctioning authority.
The Directorate of Industries, Trade & Commerce allocates the required budgetary provisions for the scheme and transfers the funds to the Economic Development Corporation once subsidy claims are submitted.
Frequently asked questions
What is the primary benefit of the Goa State 25% Subsidy for Self Employed Scheme?
The scheme credits a 25% subsidy on fixed capital investment directly to the beneficiary’s principal loan account, thereby lowering the loan burden for industrial and self-employment activities.
Who is eligible to apply for this subsidy?
Individuals, groups of individuals, or Partnership Firms that have previously received financial assistance for self-employment under specific state schemes (CMRY/VKRY) or from banks and registered credit societies are eligible.
Are there any age or income restrictions for applicants?
Applicants must generally be under 42 years of age, with a 5-year relaxation for women, disabled, SC/ST, and OBC persons. The combined annual income of the applicant and spouse must not exceed ₹3,00,000.
What types of investments are covered by the subsidy?
The subsidy covers fixed capital investments, including premises, plant and machinery, furniture and fixtures, office equipment, electrification, and alternate power sources. Working capital investments are not eligible.
How is the subsidy disbursed?
For eligible loan schemes, 20% of the Equated Monthly Installments (about 25% of the principal component) paid on time is credited to the principal account on the payment date.
Where can applicants submit their applications?
Applications must be submitted in person at the Economic Development Corporation office, EDC House, Panaji-Goa. Beneficiaries already covered under CMRY/VKRY schemes are automatically included and need not apply separately.
Sectors
- Selfemployment
- Loan Subsidy
- Goa
- Fixed Capital Investment
- Microenterprise
Details last verified on 3 August 2026. Source: the issuer's published information.