Question: Can I get benefits under Short Term Loan Scheme? What are the requirements?

Answer: Here are the eligibility criteria for Short Term Loan Scheme:

GoaShort Term Loan SchemeBusinessFinancial AssistanceLoanScheduled TribeDetailsBenefitsEligibilityApplication
ProcessDocuments RequiredFrequently Asked Questions"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. ï»¿Interest Rate, Number of Instalments, and Moratorium PeriodFor Education Purposes:The loan shall
be given at the interest rate of 2% per annum payable within 20 months in a maximum of 20 instalments with a moratorium period of 3
months. For Business and Medical Purposes:The loan shall be given at the interest rate of 2% per annum payable within 10 months in a
maximum of 10 instalments with a moratorium period of 03 months. ï»¿Penal InterestIf the loan is overdue, 1% of penal interest will be
charged on the amount of the overdue instalment.ï»¿RecoveryThe entire loan along with interest will be recovered according to the rules
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24303714Last Updated On : 28/03/2024 | v-2.1.1