"Family" includes Husband, Wife, unmarried Children, Father, Mother, unmarried brother, and sister below 18 years, fully dependent and staying with the applicant.

The life of the beneficiary and their business activity is insured against fire, theft, cyclone, and other natural calamities with an agency identified by the Corporation. Compensation received from the Insurance Company in case of any calamity is adjusted against the outstanding loan in the Corporation.

Beneficiaries are required to contribute a 10% margin money towards the project cost. However, the Board of Directors (BOD) can relax this condition based on the merit of each case, except for Association / Societies / Partnership / SHG / Company applicants.

The applicant should be from the Scheduled Tribe (ST) Community, have a family income not exceeding ₹1,00,000 per annum, and be aged below 55 years. They should also intend to undertake self-employment activities and provide two guarantors, one of whom must be a Government Servant.

The beneficiary needs to mortgage their business activity to the Corporation until the full and final repayment of the loan is made.

The repayment period, which is decided by the Board of Directors, varies based on the nature of the business. The standard repayment period is 10 years, determined during the sanctioning of the loan for specific self-employment activities.

In case of overdue installments, a 2% penal interest shall be charged on the amount of overdue installments, and the entire loan amount along with the interest shall be recovered as land revenue arrears.

Yes, the interest rate is 4% per annum, calculated using the Reducing Balance Method.

An individual person can receive financial support of up to a maximum of ₹10,00,000 for their self-employment activities.

Individuals, as well as Associations, Societies, Partnerships, Self-help Groups (SHGs), and Companies formed exclusively by members of the Scheduled Tribes Community, are eligible to apply.

Yes, loan or financial assistance of up to ₹15,00,000 is available for these entities formed exclusively by Scheduled Tribes Community members.

No, the family income should not exceed ₹1,00,000 per annum, and this criterion is strictly followed to provide assistance to economically disadvantaged individuals.

Interested applicants can visit the Department of Tribal Welfare offices in Panaji or Margao, Goa, to request the application form. After filling out the form, attaching necessary documents, and submitting it to the concerned authority, they receive a receipt acknowledging the application.

The repayment period is determined by the Board of Directors based on the nature of the business or activity undertaken. This period is decided during the sanctioning of the loan.

Yes, the Board of Directors has the authority to relax the eligibility criteria in deserving cases, ensuring flexibility for applicants facing unique situations.

If a beneficiary defaults on loan repayment, the overdue installments will accrue a 2% penal interest. The Corporation can also recover the entire loan amount along with the interest as land revenue arrears.

The scheme requires applicants to provide two guarantors or sureties, one of whom should be a Government Servant. This helps ensure financial responsibility and accountability.

No, the financial support is exclusively intended for undertaking self-employment activities and cannot be used for other purposes.