Goa Tribal Employment Generation Programmegtegp Scheme - EDC GOA

1. (SPONSORED BY) (PROMOTED BY) (PROMOTED BY) GOA TRIBAL’S EMPLOYMENT GENERATION GOA TRIBAL’S EMPLOYMENT GENERATION PROGRAMME (GTEGP) SCHEME AT A GLANCE AT A GLANCE GOA TRIBAL’S EMPLOYMENT GENERATION PROGRAMME (GTEGP) SCHEME 1 Eligibility a) Age Unemployed person, , 18 to 45 years of age.  Minimum Standard IVth. Minimum Standard IVth. (Relaxable in deserving cases). b) Educational qualification Educational qualification  Must be a Member of Tribal Community notified by the Government of Goa. Permanent resident of Permanent resident of Goa for at least 15 years. Must be a Member of Tribal Community notified by the Must be a Member of Tribal Community notified by the Government of Goa. c) Category  d) Domicile  Should not be a defaulter to any bank Should not be a defaulter to any bank, financial institution, etc. , etc. e) Defaulter  2 Activities Covered Activities Covered Micro and small manufacturing enterprises, Service enterprises, Trade enterprises (Farming activities, tobacco products and red Trade enterprises (Farming activities, tobacco products and red Micro and small manufacturing enterprises, Service enterprises, Trade enterprises (Farming activities, tobacco products and red category industries are not eligible). category industries are not eligible). Micro and small manufacturing enterprises, Service enterprises,  3 a) Project cost Loan Assistance Loan Assistance 25.00 lakh for MSME. 15.00 lakh For Service Enterprises 15.00 lakh for trading activity 15.00 lakh for trading activity. 25.00 lakh for MSME. 15.00 lakh For Service Enterprises.    b) Means of Finance Means of Finance Sr. Type of Activity Maximum Maximum Subsidy Maximum Promoter’s Promoter’s No Project cost Project cost applicable on working contribution contribution loan amount capital limit 1 Micro & Small Rs.25.00 lakh Rs.25.00 lakh 40% 35% 5% Manufacturing Enterprises 2. Service Rs.15.00 lakh Rs.15.00 lakh 40% 80% 5% Enterprises 3. Trade Rs.15.00 lakh Rs.15.00 lakh 40% 80% (100% in 5% Enterprises case of agricultural produce) 2% p.a. c) Interest rate NIL d) Penal Interest Repayable in 60 to 120 EMIs (As per discretion of GTEGP in 60 to 120 EMIs (As per discretion of GTEGP-TFC). TFC). e) Repayment Schedule Repayment Schedule 3 to 6 months (At the discretion of GTEGP 3 to 6 months (At the discretion of GTEGP-TFC). f) Moratorium period Moratorium period First charge of mortgage/hypothecation of fixed assets (building, furniture, machinery, etc.) and/or current assets (trading goods, raw material, etc.) charge of mortgage/hypothecation of fixed assets (building, furniture, machinery, etc.) and/or current assets (trading goods, furniture, machinery, etc.) and/or current assets (trading goods, charge of mortgage/hypothecation of fixed assets (building, g) Security h) Collateral For loan amount upto Personal guarantee of the applicant and Personal guarantee of the applicant and spouse/parent/relative. For loan amount upto 2.00 lakh; spouse/parent/relative. For loan amount above One or more third party guarantors, depending upon the loan amount. Such a guarantor could be an employee of State Government/ Government Companies of repute or a person owning an unencumbered immovable property in Goa, of commensurate value. immovable property in Goa, of commensurate value. 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 ies of repute or a person owning an unencumbered ies of repute or a person owning an unencumbered One or more third party guarantors, depending upon the loan amount. Such a guarantor could be an employee of State Government/ Government Corporations/Aided Corporations/Aided Corporations/Aided Institutions/ Institutions/ Institutions/ Loan above 6.00 lakh Notarised 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 Compulsory entrepreneurship months from the date of sanction A 5 member GTEGP Government shall scrutinize applications for sanctions. 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. Recovery Act, DRT or any other relevant Act and rules thereof. Recovery Act, DRT or any other relevant Act and rules thereof. 6.00 lakh; Notarised copy of ownership documents of the unencumbered immovable property owned by the guarantor/s, commensurate to amount to be provided. The guarantor should not be a defaulter with any financial institution/bank. Compulsory entrepreneurship training of upto 7 days within six months from the date of sanction. A 5 member GTEGP Task Force Committee (TFC) constituted by Government shall scrutinize applications for sanctions. In case of default in repayment of loan, the amount is to be recovered as arrears of land revenue or under the Public Money recovered as arrears of land revenue or under the Public Money Notarised copy of ownership documents of the unencumbered immovable property owned by the guarantor/s, commensurate to amount to be provided. The guarantor should not be a within six 4 Training Task Force Committee Task Force Committee 5 Task Force Committee (TFC) constituted by the 6 Recovery In case of default in repayment of loan, the amount is to be