Goa Announces Exit Scheme for CMRY Loan Borrowers

Goa government launched a scheme to support business owners who took loans under Chief Minister's Rojgar Yojana (CMRY) but ran into problems. You can apply if your first loan payment happened within two years of your application date.

Business support details

This scheme lets you settle your account by paying back only the original loan amount. Pay this within two months to get a full waiver on all interest. To apply, write to Economic Development Corporation (EDC) Ltd. Explain why your business stopped and share your plan to pay back the principal.

The government also updated Mukhyamantri Modified Interest Rebate Scheme. It now offers an extra 5% rebate for solar power projects. It also raises the interest rebate limit to ₹15 lakh for Working Capital Term Loan Scheme beneficiaries. If you need more help, you can look into Pradhan Mantri Yojana schemes or apply for MSME business loans.