AI SummaryShort Term Loan Scheme offers credit support of up to ₹1,00,000 to people from the Scheduled Tribe community in Goa. It covers urgent education, medical and small business costs, and is still open for applications through the Goa State Scheduled Tribes Finance and Development Corporation Limited under the Department of Tribal Welfare.
This loan-based scheme helps eligible people meet immediate money needs without waiting for long approval. As of 10 August 2026, the scheme continues to run with a 2% interest rate and easy repayment terms.
Short Term Loan Scheme - Overview
Short Term Loan Scheme provides financial help as credit to individuals who belong to the Scheduled Tribe community of Goa. You can use these funds to manage urgent expenses related to your education, medical bills or small business needs. By providing this support, the scheme helps improve your standard of living and brings you into the mainstream of society.
The Goa State Scheduled Tribes Finance and Development Corporation Limited runs this scheme under the Department of Tribal Welfare, government of Goa. The loan amount, interest rate and repayment period differ based on the purpose of the loan, as shown in the table below.
| Purpose | Interest Rate | Repayment Period | Moratorium |
|---|---|---|---|
| Education | 2% per annum | 20 months | 3 months |
| Business and Medical | 2% per annum | 10 months | 3 months |
If you miss an instalment, a penal interest rate of 1% applies to the overdue amount. You can also prepay the full loan amount before the due date. The corporation recovers the entire loan amount along with interest as per current government rules.
Key Information
| Scheme Name | Short Term Loan Scheme |
|---|---|
| Level | State |
| Scheme For | Individual |
| Beneficiary State | Goa |
| Category | Banking, Financial Services, Social welfare |
| Target Beneficiaries | Individuals from Scheduled Tribe community |
| Sub Category | Loan, Empowerment |
| Benefit Type | Credit |
| Maximum Loan | ₹1,00,000 |
| Interest Rate | 2% per annum |
| DBT Scheme | No |
| Nodal Department | Department of Tribal Welfare, Goa |
| Tags | Loan, Business, Scheduled Tribe, Financial Assistance |
Benefits
Through Short Term Loan Scheme, you can receive a loan of up to ₹1,00,000 to meet urgent financial needs for your business, education or medical treatment. The interest rate stays low at 2% per annum for all three purposes.
Education loans come with a repayment period of 20 months, while business and medical loans carry a repayment period of 10 months. Every loan includes a 3-month moratorium period before repayment begins, which gives you time to settle before instalments start.
Eligibility
You must meet the eligibility conditions set by the corporation to apply for this loan. The main conditions are listed below.
- You must belong to the Scheduled Tribe community of the state of Goa.
- You should have cleared any previous loans taken under this scheme before applying again.
Application Process
You can apply for the scheme using the offline process described below. The application form is available at the corporation office and can also be downloaded from the official website.
STEP 1 - Visit the Goa State Scheduled Tribes Finance and Development Corporation Ltd at 2nd Floor, Smruti Building, Swami Vivekanand Road, Altinho, Panaji, Goa 403001.
STEP 2 - Obtain the application form either by printing it from the official website or by requesting a copy from the office.
STEP 3 - Fill in all mandatory details accurately, attach a recent passport-sized photograph and sign it across the photo.
STEP 4 - Attach all required documents and self-attest them where necessary.
STEP 5 - Submit the completed application form to the designated authority at the office mentioned above.
Documents
You need to submit the following documents along with your application form. Keep self-attested copies ready before you visit the office.
- Scheduled Tribe certificate issued by the competent authority of Goa.
- Valid bank passbook with a photograph of the applicant.
- Recent passport-size photograph.
- Salary certificate or pay slip of one surety, along with a surety affidavit on a ₹100 stamp paper, an ID proof and a photo of the surety.
- Valid Aadhar card.
- An affidavit from you on a ₹100 stamp paper specifying the loan amount and the intended purpose. If you are under 18, your parent or guardian should provide this on your behalf.
References
View Official Scheme Guidelines
Short Term Loan Scheme Details on Goa MSME Portal
FAQ's
What is the duration for the implementation of this scheme?
The scheme remains active for five years from its date of issue, though it may be updated periodically to meet new objectives.
Which department oversees this scheme?
The Department of Tribal Welfare, government of Goa, manages this scheme through the Goa State Scheduled Tribes Finance and Development Corporation Limited.
Where is the office located?
You can find the office at 2nd Floor, Smruti Building, Swami Vivekanand Road, Altinho, Panaji, Goa 403001.
Is there an online application option?
As of 10 August 2026, you must submit your application through the offline mode only. The form can be downloaded from the official website.