What is the purpose of Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is a government welfare initiative designed to support Infra, Business Entity through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.

What benefits are offered under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Benefits under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.

Which department manages Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is managed by Commercial Taxes Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.

Can users apply online for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Yes, eligible applicants may be able to apply online for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 through official government portals, authorised service centres, or digital application systems depending on the implementation process.

Is Aadhaar mandatory for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.

Where can users apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Applications for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.

What documents may be required for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.

Is income certificate required for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Income certificate requirements may vary depending on beneficiary category, subsidy eligibility, and financial assistance criteria defined under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008.

Can residents outside Goa apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Eligibility for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is generally limited to residents of Goa unless otherwise specified in the official scheme guidelines.

Does Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 provide healthcare or insurance support?

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may provide healthcare assistance, insurance coverage, cashless treatment support, medical reimbursement, or hospital-related benefits depending on the scheme structure.

Does Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 provide business loan or startup assistance?

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.

Is collateral required under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.

Can CSC centres help users apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.

How can users check the latest updates for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.

Are there deadlines for applying to Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.

Can beneficiaries track application status for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?

Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.

Where can users get help for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 in Goa?

Users in Goa may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.

Which nearby public services may help with Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 applications?

Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.

SCLESES

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008

6.3/10

The "Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008" aimed to encourage local youths to start income-generating activities and promote self-employment. The scheme provided financial support for individuals and groups, covering 50% of the project cost.

State Cash

States / UT: Goa

Nodal department: Commercial Taxes Department

Scheme for: Infra

Scheme profile

DBT (direct benefit transfer): No

Scheme open date: 2009-01-30

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship, Loan, Micro finance

Target beneficiaries: Business Entity

Tags: Entrepreneur, Employed, Loan, Insurance

Details

Launched in 2008, the scheme "Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008" by the Directorate of Industries, Trade and Commerce, Government of Goa aimed to encourage local youths, preferably of Goan origin, to start income-generating activities by providing share capital contribution for industrial and self-employment opportunities. The scheme offered financial support up to ₹2,00,000/- per individual (₹3,00,000/- for those with professional qualifications) and up to ₹10,00,000/- for groups, covering 50% of the project cost. Eligible applicants included individuals or groups of individuals who were residents of Goa for at least 15 years, with preference given to women, disabled persons, and those from Scheduled Castes, Scheduled Tribes, and Other Backward Classes. The scheme was implemented by the Directorate of Industries, Trade and Commerce, Goa, and remained in force until 31st March 2011.

Benefits

- Capital Contribution
₹2,00,000/- per individual, covering 50% of the total project cost
₹3,00,000/- per individual for those with professional qualifications, provided the business activity was linked to their qualifications
₹10,00,000/- maximum for groups, with no restriction on the number of members. Interest-Free Loan: The capital contribution was interest-free. Repayment: Repayment was to be made in equal monthly installments within 10 years, with a moratorium period not exceeding one year. Insurance Cover: Special insurance cover was provided, absolving the beneficiary of outstanding dues in case of death or permanent disability. The insurance premium was ₹200 per,00,000/- or part thereof, to be paid once before disbursal. Disbursement
Disbursement of capital contribution was made upon approval of the application by the Task Force Committee
The last date for disbursement was 31st January for claims filed between January and June, and 31st July for claims filed between July and December

Capital Contribution
₹2,00,000/- per individual, covering 50% of the total project cost.
₹3,00,000/- per individual for those with professional qualifications, provided the business activity was linked to their qualifications.
₹10,00,000/- maximum for groups, with no restriction on the number of members.

Interest-Free Loan: The capital contribution was interest-free.
Repayment: Repayment was to be made in equal monthly installments within 10 years, with a moratorium period not exceeding one year.
Insurance Cover: Special insurance cover was provided, absolving the beneficiary of outstanding dues in case of death or permanent disability. The insurance premium was ₹200 per,00,000/- or part thereof, to be paid once before disbursal.
Disbursement

Disbursement of capital contribution was made upon approval of the application by the Task Force Committee.
The last date for disbursement was 31st January for claims filed between January and June, and 31st July for claims filed between July and December.

Eligibility

The applicant could be Individuals or groups of individuals could apply. Individuals born and resident in Goa for 15 years were given preference.
The applicant had to be below 40 years of age. For women, disabled persons, Scheduled Castes, Scheduled Tribes, and Other Backward Classes, the age limit was relaxed by 5 years.
The applicant had to have passed at least the 8th standard. This requirement could be relaxed in deserving cases by the Director of Industries, Trade and Commerce.
The income of the applicant along with their spouse should not exceed ₹80,000/- per annum.
The applicants who had availed more than 15% subsidy under any other scheme were not eligible.
The applicants who were covered under the Kamdhenu Scheme (except for dairy/dhilling units) were not eligible.

Preference/Priority

Priority was given to women entrepreneurs, self-help groups of women, and disabled persons.
30% of the budgeted outlay was reserved for women entrepreneurs.

*The Director of Industries, Trade and Commerce could relax any provision of the scheme with government approval if needed.

How useful is this scheme?

Public benefit analysis

A practical look at this scheme for citizens

AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.

6.3

/ 10

Public Benefit Score

Accessibility 5.0/10 Moderate

Rural usefulness 6.0/10 Moderate

Application complexity 7.0/10 Challenging

Financial impact 9.0/10 Good

Literacy barrier 4.0/10 Moderate

Women inclusivity 9.0/10 Good

Awareness 4.5/10 Moderate

Implementation reliability 7.0/10 Good

Bigger shape means a better fit for citizens

Accessibility5.0
Financial impact9.0
Rural utility6.0
Awareness4.5
Simplicity3.0
Inclusivity9.0

What problem does this scheme solve?

The scheme provides significant financial support to local entrepreneurs, particularly benefiting women and marginalized groups.

Key challenges addressed

Encourages self-employment
Provides financial support for starting businesses

Most beneficial for

Women entrepreneurs
Individuals with professional qualifications
Residents of Goa

Likely challenges

Complex application process
Limited awareness among potential beneficiaries

Practical insights for citizens

The scheme is practical for those who meet the eligibility criteria but may be challenging for semi-literate individuals.

Rural challenges

Limited access to government offices
Awareness of the scheme

Digital challenges

Low digital literacy
Limited online application options

Implementation bottlenecks

Slow processing times
Potential bureaucratic delays

Awareness challenges

Low awareness among rural populations
Limited outreach programs

Application analysis

Application mode: Offline office
Documents burden: Moderate, requires mandatory documents
Verification complexity: Moderate, involves scrutiny by Task Force Committee
Office dependency: High, requires submission to government office
DBT dependency: No direct benefit transfer
CSC support: Limited
Estimated citizen effort: High, multiple steps involved

Estimated beneficiary reach

Rural / urban reach Moderate
Gender reach High
Target income group Low-income individuals
Occupation reach Entrepreneurs and self-employed individuals

Benefit analysis

Benefit type: Cash
Benefit frequency: One-time capital contribution
Benefit practicality: High, as it covers a significant portion of project costs
Financial meaningfulness: Moderate, as it provides substantial support but may not cover all expenses
Long-term impact: Positive, as it encourages entrepreneurship and self-employment

Plain-language guidance

This scheme helps local entrepreneurs in Goa by providing financial support to start their businesses. It is especially beneficial for women and those with professional qualifications.

Who should apply: Individuals or groups looking to start a business in Goa.
Who may struggle: Semi-literate individuals and those unfamiliar with the application process.
Best application route: Apply directly at the Directorate of Industries, Trade and Commerce in Goa.

This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.

Application Process

Offline

Step 1: The applicant had to purchase the application form for ₹25/- from the Directorate of Industries, Trade and Commerce, Udyog Bhavan, Panaji, Goa.
Step 2: The applicant had to fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The applicant had to pay a non-refundable processing fee of ₹200/- and attach the receipt with the application.
Step 4: The applicant had to submit the duly filled and signed application form along with all required documents to -
The Directorate of Industries, Trade and Commerce, Udyog Bhavan, Panaji, Goa.

Post Application Processes

Step 1: The Task Force Committee (TFC) scrutinized the application and recommended it for disbursement if found feasible.
Step 2: Upon approval, the capital contribution was disbursed by the Directorate of Industries, Trade and Commerce or the Economic Development Corporation.
*Beneficiaries had to repay the capital contribution in equal monthly installments within 10 years, with a moratorium period not exceeding one year.
*Beneficiaries had to pay the insurance premium (₹200 per,00,000/- or part thereof) before the disbursal of the loan.

Appeal Process

In case of grievances, the last date to file an appeal was 20th February for claims filed between January and June, and 20th August for claims filed between July and December.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What was the maximum financial support provided to an individual under the scheme?: The scheme offered financial support up to ₹2,00,000/- per individual, covering 50% of the total project cost. For those with professional qualifications, the support could go up to ₹3,00,000/-.
Could groups apply for financial support under the scheme, and what was the maximum amount?: Yes, groups of individuals could apply, and the maximum financial support for groups was ₹10,00,000/-, with no restriction on the number of members.
What was the repayment period for the capital contribution, and was there a moratorium?: The repayment period was 10 years, with equal monthly installments, and a moratorium period not exceeding one year was allowed.
Was there any insurance cover provided under the scheme, and what were the conditions?: Yes, special insurance cover was provided, absolving the beneficiary of outstanding dues in case of death or permanent disability. The insurance premium was ₹200 per ₹1,00,000/- or part thereof, paid once before disbursal.
What were the last dates for disbursement of claims filed between January and June?: The last date for disbursement of claims filed between January and June was 31st January.
What were the last dates for disbursement of claims filed between July and December?: The last date for disbursement of claims filed between July and December was 31st July.
Was there any preference given to applicants based on their residency in Goa?: Yes, individuals born and resident in Goa for at least 15 years were given preference.
What was the age limit for applicants under the scheme?: Applicants had to be below 40 years of age, but the limit was relaxed by 5 years for women, disabled persons, Scheduled Castes, Scheduled Tribes, and Other Backward Classes.
What was the minimum educational qualification required to apply for the scheme?: Applicants had to have passed at least the 8th standard, but this requirement could be relaxed in deserving cases by the Director of Industries, Trade and Commerce.
What was the income limit for applicants to be eligible under the scheme?: The income of the applicant along with their spouse should not exceed ₹80,000/- per annum.
Were applicants who had availed more than 15% subsidy under other schemes eligible?: No, applicants who had availed more than 15% subsidy under any other scheme were not eligible.
Was priority given to any specific group of applicants under the scheme?: Yes, priority was given to women entrepreneurs, self-help groups of women, and disabled persons.
What percentage of the budgeted outlay was reserved for women entrepreneurs?: 30% of the budgeted outlay was reserved for women entrepreneurs.

Official links

References

Guidelines (Page No. 16): https://ditc.goa.gov.in/sites/default/files/Preferential-Purchase-Incentives-for-Micro-and-Small-Enterprises.pdf

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Frequently asked questions

What is the purpose of Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is a government welfare initiative designed to support Infra, Business Entity through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
Who can apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Eligibility for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
What benefits are offered under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Benefits under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
Which department manages Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is managed by Commercial Taxes Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
Can users apply online for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Yes, eligible applicants may be able to apply online for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 through official government portals, authorised service centres, or digital application systems depending on the implementation process.
Is Aadhaar mandatory for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
Where can users apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Applications for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
What documents may be required for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
Is income certificate required for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Income certificate requirements may vary depending on beneficiary category, subsidy eligibility, and financial assistance criteria defined under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008.
Is Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 available in all states?: No, Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is primarily available for eligible residents of Goa and may be implemented through state government departments and local administrative offices.
Can residents outside Goa apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Eligibility for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 is generally limited to residents of Goa unless otherwise specified in the official scheme guidelines.
Does Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 provide healthcare or insurance support?: Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may provide healthcare assistance, insurance coverage, cashless treatment support, medical reimbursement, or hospital-related benefits depending on the scheme structure.
Can beneficiaries use Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 at government hospitals?: Eligible beneficiaries may be able to access services at empanelled hospitals, government healthcare facilities, or authorised healthcare providers depending on scheme participation rules.
Does Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 provide business loan or startup assistance?: Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
Is collateral required under Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
Can CSC centres help users apply for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
How can users check the latest updates for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
Are there deadlines for applying to Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.
Can beneficiaries track application status for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008?: Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
Where can users get help for Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 in Goa?: Users in Goa may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
Which nearby public services may help with Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008 applications?: Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.