The Short Term Loan Scheme is a welfare initiative by the Goa State Scheduled Tribes Finance and Development Corporation Ltd., under the Department of Tribal Welfare, Government of Goa. This scheme provides financial assistance of up to ₹1 lakh to members of the Scheduled Tribe (ST) community in Goa to meet their urgent education, medical, or business expenses. With a low interest rate of 2% and a simple application process, this scheme is a crucial support system for the tribal population of the state.
Key Benefits of Goa Short-Term Loan
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Loan Amount: Up to ₹1,00,000/-
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Purpose: For urgent educational, medical, or business needs
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Interest Rate: Just 2% per annum
Repayment Terms:
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Education Loans:
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Repayable in 20 months in 20 equal instalments
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3-month moratorium period
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Medical/Business Loans:
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Repayable in 10 months in 10 equal instalments
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3-month moratorium period
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Other Provisions:
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Penal Interest: 1% on overdue instalments
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Reapplication: Allowed only after clearing previous loan dues
Who Are Eligible for Loan
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Applicant must be an individual belonging to the Scheduled Tribe (ST) community.
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Must be a permanent resident of Goa
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Can reapply only after repaying the previous loan(s) under this scheme
How to Apply
Offline Procedure – Apply for Goa’s Short-Term Loan Scheme for Scheduled Tribes and get up to ₹1 lakh at 2% interest for education, medical, or business needs;
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Visit the office of: Goa State Scheduled Tribes Finance and Development Corporation Ltd.
Department of Tribal Welfare
Shram Shakti Bhavan, 5th Floor, Patto, Panaji-Goa – 403001 -
Collect or download the official application form
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Fill out the form completely, paste a passport-size photo (signed across), and self-attest the required documents.
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Submit the form along with supporting documents to the office
Documents Required
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ST Certificate issued by Competent Authority, Govt. of Goa
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Aadhaar Card
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Bank Passbook copy
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Recent Photograph
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Salary Certificate / Payslip of the Surety
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Surety Affidavit on ₹50 stamp paper, 1 photo, and valid ID of surety
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Affidavit of Applicant on ₹50 stamp paper stating the loan amount and purpose
(For applicants under 18, the parent/guardian must sign the affidavit)
Frequently Asked Questions (FAQs)
Q: What is the maximum loan amount under the Short-Term Loan Scheme?
A: Eligible applicants can avail up to ₹1,00,000 as a short-term loan.
Q: What is the interest rate for this loan?
A: The loan carries an interest of just 2% per annum.
Q: What is the moratorium period?
A: A 3-month moratorium is provided for all categories—education, medical, or business.
Q: What is the repayment period for education-related loans?
A: Up to 20 months, repayable in 20 equal installments.
Q: What about medical or business loans?
A: These must be repaid within 10 months through 10 equal installments.
Q: Can I apply again if I’ve taken this loan before?
A: Yes, you can reapply only after clearing your earlier dues under this scheme.
Q: Which department manages this scheme?
A: The Department of Tribal Welfare, Government of Goa, manages and implements this scheme via the Goa ST Finance and Development Corporation.
Q: Does this scheme have an online application process?
A: Currently, only offline applications are accepted.
Source & Reference Links
- Schemes of Loan Assistance in Goa
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In-office notifications and application forms available at Shram Shakti Bhavan, Panaji
