The Scheme for Soft Loan to Grant-in-Aid/Non-Grant-in-Aid Institutions by the Directorate of Higher Education, Government of Goa, provides financial assistance to educational institutions for infrastructure maintenance and upgradation. This initiative aims to enhance learning environments by offering low-interest loans to eligible institutions.
Key Benefits of the Scheme
✅ Loan Disbursement in Phases:
- 50% upfront upon sanction approval.
- 40% released after proof of 50% utilization (certified by a govt. engineer, CA, and institution head).
- Final 10% after project completion, submission of completion & occupancy certificates.
✅ Preference Given to:
- Institutions from underdeveloped talukas (Canacona, Pernem, Sattari, etc.).
- Older institutions (over newer ones) due to limited funds.
Eligibility Criteria
To qualify, institutions must:
- Be located in Goa and operational for at least 10 years.
- Have 300+ students enrolled.
- Maintain a minimum 60% pass rate over the last 3 out of 5 years.
- Be affiliated with Goa University or recognized by AICTE/MCI/DCI/other statutory bodies.
- Registered under the Societies Registration Act.
How to Apply (Offline Process)
- Download & fill the prescribed application form.
- Attach required documents (listed below).
- Get it signed by the Society Chairman.
- Submit to:
Directorate of Higher Education, SCERT Building, Porvorim, Goa – 403521 - Collect acknowledgment receipt for tracking.
Necessary Documents
- Approved construction plan.
- Cost estimate (certified by a registered engineer & CA).
- Latest audited financial statements.
- Land ownership proof (sale deed/lease agreement).
FAQs (Frequently Asked Questions)
1. Can NGOs not registered under the Societies Act apply?
No, only registered societies running educational institutions are eligible.
2. Is there an interest rate on the loan?
The scheme offers a soft (low-interest) loan, but exact rates depend on the Economic Development Corporation norms.
3. Can new institutions apply?
No, only institutions operational for 10+ years qualify.
4. Can the loan be used for non-infrastructure purposes?
No, funds are strictly for maintenance & upgradation of facilities.
5. What if an institution fails to repay on time?
Late repayment may attract penalties as per the loan terms.
6. Is there a maximum loan limit?
The scheme does not specify a fixed cap—approval depends on project feasibility and fund availability.
For more details, visit:
This Goa Soft Loan Scheme helps educational institutions improve infrastructure, ensuring better learning environments. Eligible institutions should apply offline with the necessary documents for financial support.
