Short Term Loan Scheme
Short Term Loan Scheme is a Loan Scheme by the Goa State Scheduled Tribes Finance and Development Corporation Limited, Department of Tribal Welfare, Government of Goa. Under this scheme, financial assistance/ loan is provided as a credit to individuals from the Scheduled Tribe (ST) Community to meet the immediate expenses towards Education, Medical and Business needs. The scheme aims to improve their standard of living and to bring them into the mainstream of society by fulfilling these needs.
Benefits
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Loan amount: Up to ₹1,00,000 per eligible individual.
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Interest rate: 2% per annum for Education, Medical, and Business.
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Repayment: Education loans up to 36 months; Business and Medical loans up to 18 months; 3-month moratorium.
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Penal interest: 1% on overdue instalments; full prepayment allowed.
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Implementing authority: GSSTFDCL as per approved procedures.
Eligibility
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Applicant must belong to the Scheduled Tribe (ST) community of Goa and be a permanent resident (15-year Residence Certificate).
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Age must be between 18 and 55 years with a minimum qualification of 8th standard.
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Applicant must be unemployed and registered with the Employment Exchange.
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Should not be a defaulter to GSSTFDC, EDC, banks, or any financial institution.
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Only one beneficiary per family; must not have availed similar government assistance earlier.
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Must complete the EDP and propose a new approved enterprise in manufacturing, service, or trading.
Required Documentation
ST Certificate issued by Competent Authority of State of Goa
Copy of Bank Passbook with Photograph of applicant
Salary Certificate / Pay Slip of one Surety along with surety affidavit on Rs.100/- stamp paper, One Photo and ID Proof
Aadhar Card copy of applicant
Affidavit on Rs.100/- Stamp paper regarding the amount of loan required and its purpose. If the applicant is below 18 years of age then either parents or guardian shall countersign the declaration
How to Apply?
Log in to the UDP Goa website.
Select Short Term Loan Scheme from the list of offline schemes.
Click on the Application Form button to download.
Enter your mobile number, email ID and district to show your interest.
Fill out the form and attach the required documents.
Submit the completed form to the concerned department.
Scheme
Details & Documents
| S.No. | Document Name | Document Type | Action |
| 1 | Short Term Loan Scheme Guidelines | PDF File | Download |