§1Who it is for
- MSME manufacturing units (white/green/orange) that started production after 1.10.2017
- Registered eco-tourism projects
Useful if
Goa MSME manufacturers with bank term loans and mostly Goan staff.
Do not spend time on it if
IT units and units on CMRY loans.
§2Eligibility
- MSME manufacturing unit in white, green or orange category commencing production after 1.10.2017, or registered eco-tourism project.
- At least 60% Goan manpower on payroll for the full year.
- Loan from specified banks / EDC / NBFC; subsidy on actual interest paid.
- Loans under Modified Interest Rebate 2012 or CMRY, and penal interest, are not eligible.
- Units taking IT Department benefits are not eligible.
§3Benefits
- Term loan: 30% of interest paid.
- Working capital: lower of 1.5% of annual turnover or 30% of interest paid.
- Max Rs 25 lakh a year (Rs 27.5 lakh for all-women / SC / ST units) for up to 7 years from first claim.
§4Norms — pattern of assistance
- Subsidy scaled by share of Goan employees (60% needed for full subsidy).
- Subject to budget availability.
§5Documents
Tick each one as you get it ready.
Self-declaration
Term loan sanction letter
Proof of Goan employment percentage
§6How to apply
- 1
Log in to Goa UDP (msme.goa.gov.in) > Interest Subsidy Scheme 2017 > Apply > redirected to Goa Online portal.
§7Pros and cons
Merits
- Up to Rs 25 lakh a year interest support for 7 years (UDP page).
Demerits
- Needs 60% Goan staff all year.
- Budget-limited - no promissory estoppel.
→Related schemes
Need help with Goa Interest Subsidy?
Eligibility check, DPR and application file — ask us on WhatsApp.
Our interestHelp is our paid service. You can also apply for the scheme yourself.
¶Sources
Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.