Scheme Name: Capital Contribution Scheme, 2008.

State: Goa

Description of the Scheme:

Support local entrepreneurs, promote industrial units which venture out and develop special products based on locally developed technology.

1. Give financial support to local entrepreneurs.
2. Support existing functional units to venture out and expand.
3. Support locally developed technology.

Target group :

Sector of the Scheme:

Eligibility Criteria:

(1) Clusters/Units which are in operation for a period of at least 3 years shall be eligible except those covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008 or any such Scheme in force during the tenure of this Scheme.

(2) Partnership firms and private limited concern shall be eligible under this Scheme except those covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008 or any Scheme in force during the tenure of this Scheme

Nature & Mode of Assistance:

1. Maximum capital contribution up to Rs.1 crore per unit will be available subject to condition that contributions of promoters should be equal or more than capital contribution by Government. However, this restriction/ condition shall not be applicable to sick units.
2. Capital contribution will be for a period of 5 years as may be indicated in sanctioned order with guaranteed return of 6% or actual profit.
3. Beneficiary shall submit postdated cheques for repayment as a security towards amount sanctioned.
4.   Units shall submit collateral security equal to quantum of contribution sought or equal to tune the unit is eligible.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

Whom to Contact: Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008