Ashraya Adhar Scheme
Ashraya Adhar Scheme provides eligible members of the Scheduled Tribe community in Goa with financial assistance to support the repair, renovation, or full reconstruction of their homes through low-interest loans, ensuring better living conditions for beneficiaries.
Scheme Status (2026): The Ashraya Adhar Scheme is currently active and accepting applications. No changes have been announced to the scheme benefits, eligibility criteria, or application process for 2026.
Ashraya Adhar Scheme - Introduction
Ashraya Adhar Scheme acts as a crucial initiative by the Goa State Scheduled Tribes Finance and Development Corporation Limited under the Department of Tribal Welfare, Government of Goa. This scheme provides financial assistance in the form of loans to members of the Scheduled Tribe community, helping you undertake the repair, renovation, or reconstruction of your house. Through Ashraya Adhar Scheme, the government assists community members who often struggle to afford home improvements due to high interest rates charged by commercial banks.
Key Information
| Scheme Name | Ashraya Adhar Scheme |
|---|---|
| Level | State |
| Scheme For | Individual |
| Beneficiary State | Goa |
| Category | Social welfare & Empowerment, Banking, Financial Services and Insurance |
| Target Beneficiaries | Individuals |
| Benefit Type | Cash loan |
| Nodal Department | Social Welfare Department |
Benefits
You can avail financial assistance up to ₹ 5,00,000 at a low interest rate of 2% per annum. The loan is disbursed in two stages to ensure timely project completion.
| Installment Phase | Amount | Conditions |
|---|---|---|
| First Installment | ₹ 3,75,000 | Released immediately after loan sanction. |
| Second Installment | ₹ 1,25,000 | Released after utility bills are submitted and physical inspection confirms progress. |
You should begin the renovation work within 3 months of receiving the funds. Please note that you are responsible for obtaining life and property insurance with an agency identified by the Corporation, and you must cover the premium costs yourself.
Eligibility
- You must belong to the Scheduled Tribe community.
- You should own the house individually or jointly, including properties classified as a mundcarial house.
- If your house is jointly owned and includes separate family units, each unit qualifies as an independent applicant.
- Your age should not exceed 55 years when you apply. If you are a permanent employee of the State or Central Government, Board, or an Aided Institute, the age limit is relaxed up to 58 years.
Application Process
Offline
Step 1: Visit the official office of the Goa State Scheduled Tribes Finance and Development Corporation Limited located at 2nd floor, Smruti Building, Swami Vivekanand Rd, Altinho, Panaji, Goa 403001.
Step 2: Collect the official proforma for the application from the concerned officer.
Step 3: Fill in all details carefully, attach a signed passport-sized photo, and prepare all required self-attested documents.
Step 4: Submit your completed application to the designated officer for scrutiny.
Step 5: Obtain a receipt or acknowledgement after successful submission for your records.
Once submitted, an officer from the Corporation will conduct a physical inspection of your property. Your application and the inspection report will be reviewed by the sanctioning authority for final approval.
Documents
You should prepare the following documents for your application:
- Scheduled Tribe Certificate (self-attested).
- Age proof such as your Birth Certificate, School Leaving Certificate, or Driving License.
- A self-affidavit on ₹ 50 stamp paper, notarized.
- A copy of your latest house tax receipt.
- No Objection Certificate (NOC) from any co-owners on a ₹ 50 stamp paper, notarized.
- Income proof, such as a salary certificate or your last 3 months pay slips with Form 16. If you are self-employed, submit your last 3 years ITR and last 6 months bank statement, or an income declaration affidavit on ₹ 50 stamp paper.
- Details of two sureties, including their identity proof and financial documents or a surety affidavit. Note that government employees may be exempt from providing sureties.
- A detailed cost estimate for the renovation work.
- Current photographs of the house.
- Aadhar Card copy and two additional passport-sized photos.
- Bank Mandate Form.
Definitions
Family
In this scheme, a family consists of the husband, wife, and their unmarried children. Father, mother, and unmarried siblings who are fully dependent on the applicant and reside with them are also considered part of the family.
Source: View Official Guidelines
References
View Official Scheme Guidelines
FAQ's
What is the purpose of the moratorium period?
The 3-month moratorium gives you a grace period before regular EMI repayments begin. While interest accrues, you will not have to pay any penal interest during this time.
Can I repay the loan before the moratorium ends?
Yes, you are encouraged to repay the loan as soon as the first installment is disbursed to reduce your interest burden and shorten the loan tenure.
How is the repayment period decided for applicants over 50?
For applicants over 50, the repayment tenure extends until you reach the age of 60.
What if I am a government employee planning to retire soon?
Your repayment schedule will be adjusted to end six months after your official retirement date.
What is the penalty for late EMI payments?
You will be charged an additional 2% interest on the overdue amount if you miss an installment.
Can I transfer my loan for house reconstruction?
Yes, but you must first repay the outstanding balance to the Corporation in a lump sum. We will then issue a no-due certificate to enable the transfer.
What happens if I cannot repay as per the schedule?
The Corporation may initiate recovery proceedings according to the Goa Daman and Diu Land Revenue Code. Please maintain open communication if you face financial hardship.
Who sanctions the loan?
The Chairman and two Directors approve the application, followed by formal sanctioning by the Managing Director.
Can the scheme terms be modified?
Yes, the scheme can be adjusted based on new requirements or challenges during its five-year implementation period.
What if I provide false information?
Providing fraudulent information can lead to legal consequences, including charges for criminal breach of trust.
Is partial prepayment an option?
Yes, you may make partial prepayments; however, please consult the Corporation regarding specific policies and potential conditions.
Are there tax benefits for this loan?
You may be entitled to tax deductions on interest paid, depending on current income tax regulations. Please consult a qualified tax advisor.
Can I request a loan extension?
Loan extensions are reviewed on a case-by-case basis. You must explain your situation clearly to the Corporation.
Is there a penalty for early repayment?
Review your loan agreement for specific clauses regarding prepayment penalties, as some terms may apply.