Scheme for Soft Loan to The Grant-in-aid or Non-grant in Aid Institutions for Maintenance And Upgradation of Infrastructure Facilities provides essential financial support to educational institutions in Goa. This scheme helps the management of aided and non-aided colleges by offering soft loans to maintain and upgrade campus infrastructure, which builds a better learning environment for students.
Scheme for Soft Loan to The Grant-in-aid or Non-grant in Aid Institutions for Maintenance And Upgradation of Infrastructure Facilities - Introduction
This scheme helps the management of Non-Government aided and non-grant-in-aid institutions by giving financial support for improving their campus facilities. Scheme for Soft Loan to The Grant-in-aid or Non-grant in Aid Institutions for Maintenance And Upgradation of Infrastructure Facilities works as a dedicated loan program run by the Directorate of Higher Education, Government of Goa, and the Goa Education Development Corporation (GEDC).
By supporting these upgrades, the government makes sure that students get a good and comfortable atmosphere for learning, which matters for academic progress and institution growth.
Key Information
| Key Parameter | Details |
|---|---|
| Scheme Name | Scheme for Soft Loan to The Grant-in-aid or Non-grant in Aid Institutions for Maintenance And Upgradation of Infrastructure Facilities |
| Level | State |
| Target Beneficiary | Educational Institutions |
| State | Goa |
| Nodal Department | Higher Education Department / Goa Education Development Corporation |
| Benefit Type | Soft Loan |
Benefits
To help an institution grow, funds are given out in stages based on the progress of the project. This financial support, arranged through the Economic Development Corporation, follows a clear release process:
| Installment | Condition for Release |
|---|---|
| 50% | Released right after the sanction order is issued by the Directorate of Higher Education. |
| 40% | Released after a certificate from a Government Registered Engineer is submitted and checked by a Chartered Accountant and the college principal, confirming that the first 50% was used for the stated purpose. |
| 10% | Released after confirming the 40% usage, providing a project completion certificate, and submitting an occupancy certificate issued by the competent authority. |
Eligibility
To be eligible for this financial support, an institution should meet specific criteria set by the Directorate of Higher Education. An institution can apply if it fulfills the following conditions:
- The institution should be located within Goa.
- The society managing the institution must be registered under the Societies Registration Act.
- The institution should have been in operation for at least 10 years before the application date.
- There should be at least 300 students enrolled on campus.
- The institution must keep an average passing percentage of at least 60% calculated over three of the last five years.
- The institution must be affiliated with Goa University or recognized by a national statutory body like AICTE, MCI, ACI, or DCI.
Priority Consideration: If an institution is located in less developed Talukas such as Canacona, Pernem, Sattari, Sanquelim, Quepem, Bicholim, or Sanguem, it gets special preference. Also, the government gives top priority to older institutions over newer ones because funds are limited.
Application Process
An institution should follow the offline application process to seek financial support under this scheme.
STEP 1 - Download the prescribed application format and fill in all the required fields correctly.
STEP 2 - Make sure the Chairman of the Society signs the completed application document.
STEP 3 - Gather all the required supporting documents and submit the application to: The Directorate of Higher Education, SCERT building, Porvorim, Penha de França, Goa - 403 521.
STEP 4 - Always collect a receipt or acknowledgment from the department as proof of successful submission.
Documents
An institution should keep authenticated copies of the following documents ready for the application:
- An approved architectural plan for the construction.
- A detailed project cost estimate checked by a Government Registered Engineer and a Chartered Accountant.
- Copies of the latest audited financial statements of the institution.
- Ownership documents for the land, such as a sale deed, long lease deed, or other valid titles proving authority over the construction site.
References
Soft Loan Scheme - Goa Education Development Corporation
View Official Scheme Guidelines
View Soft Loan Official Gazette
View Soft Loan Disbursement Details
FAQ's
Are institutions located outside Goa eligible to apply?
No, this scheme is made only for institutions situated within the state of Goa.
Can newly established institutions apply?
No, only institutions that have been active and in operation for at least 10 years are eligible to apply.
What is the required passing percentage for the institution to qualify?
The institution must keep an average passing percentage of 60% or more, measured across three of the last five years.
Are non-grant-in-aid institutions included in this scheme?
Yes, both aided and non-grant-in-aid institutions of higher learning, including those for professional courses, are encouraged to apply.
Where should the application be submitted?
The signed application in the prescribed format should be submitted to the Directorate of Higher Education, SCERT building, Porvorim, Penha de França, Goa - 403 521.