Chief Minister’s Rojgar Yojana - GOA
Age Of Applicant.
For all educated unemployed 18 to 45 years in general; relaxable by 5 years in case of widow, disabled person, scheduled caste, scheduled tribe, other Backward class person.
Educational qualification and Main Criteria The applicant should be minimum Std. VIIIth, have a 15 year a residence certificate years; family income should not exceed Rs 10 lakhs p.a and should not be a defaulter to any nationalized bank/financial institution/co-operative bank.
Family income and Residence proof The income of the beneficiary along with spouse and dependents, and children of minor age shall not exceed Rs 10,00,000/- p.a , Permanent resident of the area for at least 15 years. Documents required – Residential Certificate or School Leaving Certificate or passing Certificate from Goa Board/Goa University or any document to the satisfaction of the sanctioning authority.
Project cost Maximum Rs 25.00 lakh, including 50% share capital under *DITC scheme (80% in case of SC/ST applicant) for an individual with professional degree/diploma/I.T.I., including those undergoing special training programmes conducted by authorised Government Departments/Corporations. Maximum Rs 20.00 lakh, including 50% (80 % in case of SC/ST applicant) share capital under *DITC scheme, for others.
Means of Finance 10% minimum promoter’s contribution; (5% in case of woman/disabled/ SC/ST/OBC applicant). 50% interest free share capital under *DITC Scheme, restricted to maximum Rs. 10.00 lakh *(Rs.16.00 lakh in case of SC/ST applicant) for professionals and technically qualified persons and maximum Rs.8.00 lakh *(Rs. 12.00 lakh in case of SC/ST applicant), for others. 40% (15% in case of SC/ST applicant) term loan under CMRY with interest @ 8% p.a., for male & 6% p.a, for female beneficiary. 5% Promoter’s Contribution & 45% term loan in case of woman/ disabled/OBC beneficiary).
Interest rate / Penal Interest 8% p.a., for male and 6% p.a., for female beneficiary. Penal interest @ 2% p.a., on the defaulted amount of more than one EMI, for the defaulted period of EDC Term Loan shall be charged.
Moratorium period And Security
Maximum one year. (Moratorium period at the discretion of the Task Force Committee). First charge of mortgage/hypothecation of fixed/current assets.
Maximum 10 years (including moratorium of maximum 1 year) in monthly installments. In case of loans against vehicles, the maximum repayment may be restricted to 5 years.
Eligible persons shall apply in prescribed application form priced at `100/- for loan above Rs 50,000/- and Rs25/- for loan upto Rs 50,000/-, giving details of their project along with requisite documents. Duly completed application form shall be submitted to EDC Ltd. with non refundable application fee of: Rs 200.00 for loan upto Rs 5.00 lakh; Rs 500.00 for loan upto Rs 10.00 lakh and Rs 1000.00 for others.
The general documents to be submitted are:
15 years Residency certificate,
Copy of bank passbook
Self declaration by the applicant in the prescribed format
Notarized copy of title of immovable property owned if loan is more then Rs 6 lakhs
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