| 1 | Eligibility | Goa Tribal Employment Generation Programme (GTEGP) Scheme |
|---|---|---|
| a) | Age | Unemployed person, 18 to 45 years of age. |
| b) | Educational qualification | Minimum standard IVth.(Relaxable in deserving cases) |
| c) | Category | Must be a Member of Tribal Community notified by the Government of Goa. |
| d) | Domicile | Permanent resident of Goa for at least 15 years. |
| e) | Defaulter/ Non Eligibility | Should not be a defaulter to any bank, financial institution, etc. |
| 2 | Activities covered | Micro and small manufacturing enterprises, Service enterprises, Trade enterprises (Farming activities, tobacco products and red category industries are not eligible). |
| 3 | Loan Assistance | |
| a) | Project cost | 25.00 lakh for MSME.
15.00 lakh For Service Enterprises. 15.00 lakh for trading activity.
|
| b) | Means of Finance | 1.Micro & Small Manufacturing Enterprises
Maximum Project Cost : Rs.25.00 lakh Subsidy on Loan Amount : 40% Maximum working Capital : 35% Promoter Contribution : 5% 2.Service Enterprises Maximum Project Cost : Rs.15.00 lakh Subsidy on Loan Amount : 40% Maximum working Capital : 80% Promoter Contribution : 5% 3.Trade Enterprises Maximum Project Cost : Rs.15.00 lakh Subsidy on Loan Amount : 40% Maximum working Capital : 80% (100% in case of agricultural produce) Promoter Contribution : 5% |
| c) | Interest rate | 2% p.a. |
| d) | Penal Interest | NIL |
| e) | Moratorium period | 3 to 6 months (At the discretion of GTEGP-TFC). |
| f) | Security | First charge of mortgage/hypothecation of fixed assets (building, furniture, machinery, etc.) and/or current assets (trading goods, raw material, etc.) |
| g) | Collateral |
For loan amount upto 2.00 lakh;Personal guarantee of the applicant and spouse/parent/relative. For loan amount above 2.00 lakh upto 6.00 lakh;One or more third party guarantors, depending upon the loan amount. Such a guarantor could be an employee of State Government/ Government Corporations/Aided Institutions/ Companies of repute or a person owning an unencumbered immovable property in Goa, of commensurate value. Loan above 6.00 lakh;Notarized copy of ownership documents of the unencumbered immovable property owned by the guarantor/s, commensurate to the loan amount to be provided. The guarantor should not be a defaulter with any financial institution/bank.
|
| h) | Repayment Schedule | Repayable in 60 to 120 EMIs (As per discretion of GTEGP-TFC). |
| 4 | Training | Compulsory entrepreneurship training of upto 7 days within six months from the date of sanction. |
| 5 | Task force Committe | A 5 member GTEGP Task Force Committee (TFC) constituted by the Government shall scrutinize applications for sanctions. |
| 6 | Recovery | In case of default in repayment of loan, the amount is to be recovered as arrears of land revenue or under the Public Money Recovery Act, DRT or any other relevant Act and rules thereof. |
