Mukhyamantri Asangathit Karmakar Cycle Sahayata Yojana 2026

This scheme offers a soft loan to non-government aided and non-grant-in-aid institutions in Goa to help them Read More... maintain and upgrade their infrastructure, fostering a better learning environment. Read less

Details

Educational institutions in Goa can now access financial support to improve their facilities. The Directorate of Higher Education, Government of Goa, has introduced a special scheme to provide soft loans for the maintenance and upgradation of infrastructure.

What Is This Scheme?

This is a loan program designed to assist Non-Government aided institutions and non-grant-in-aid institutions. The goal is to provide funds for essential upgrades and maintenance of their existing infrastructure, making the learning environment more conducive for students.

Who Can Benefit From This Scheme?

The scheme is open to all higher learning institutions in Goa, including those offering professional courses. This aims to support institutions that are crucial for the state's educational development.

Why This Scheme Is Important

A good learning environment depends heavily on well-maintained and modern infrastructure. This scheme empowers institutions to invest in their facilities, which in turn benefits students by providing better resources and a more comfortable space for education. It helps institutions stay updated and provide quality education.

Objective

This scheme offers a soft loan to non-government aided and non-grant-in-aid institutions in Goa to help them maintain and upgrade their infrastructure, fostering a better learning environment.

Benefits

A free of cost cycle will be provided.

Sources and references

Guidelines

Eligibility Criteria

Institutions of higher learning in Goa, including those offering professional courses, can apply for this loan if they meet the following conditions:

The institution must be located within Goa.
The managing society of the institution needs to be registered under the Societies Registration Act.
The institution must have been operational for a minimum of 10 years before the loan application date.
A minimum of 300 students must be enrolled on campus.
The institution's average passing percentage over the last three years (within the five years preceding the application) should not be less than 60%.
The institution must fulfill at least one of these affiliation/recognition requirements:
- Affiliated with Goa University.
- Recognized by AICTE/MCI/ACI/DCI or any other statutory body of the Government of India/Government of Goa.

Special Preference:

Institutions located in less developed Talukas (Canacona, Pernem, Sattari, Sanquelim, Quepem, Bicholim, and Sanguem) will be given special preference.
Due to limited financial resources, older institutions will be prioritized over newer ones.

How To Apply

Eligible institutions should submit their application in the prescribed format (Appendix 'A'). The application must be duly signed by the Chairman of the Society and addressed to:

Directorate of Higher Education,
SCERT Building, Porvorim,
Penha de França, Goa - 403 521.

Documents Required

An approved construction plan.
A detailed cost estimate for the project, certified by a Registered Engineer and a Chartered Accountant.
The institution's most recent audited financial statements.
Documents proving land ownership, such as a sale deed, long lease deed, or other relevant legal documents for the property where the building will be constructed.

FAQ’s

What is the primary goal of this soft loan scheme?

The main aim is to help Non-Government aided and non-grant-in-aid educational institutions in Goa upgrade and maintain their infrastructure, thereby creating a better learning environment for students.

Are institutions outside Goa eligible for this loan?

No, this scheme is exclusively for institutions located within the state of Goa. Institutions situated elsewhere are not eligible to apply.

What is the minimum passing percentage required for an institution to apply?

To be eligible, an institution must have maintained an average passing percentage of at least 60% over the last three years, calculated within the five years immediately before the loan application date.

Can newly opened institutions apply for this loan?

No, newly established institutions cannot apply. The scheme requires institutions to have been in operation for at least 10 years prior to the application date.

Are institutions offering technical or vocational courses eligible?

Yes, institutions that offer professional courses, including technical or vocational programs, are eligible to apply, provided they meet all other criteria of the scheme.

Is there a specific maximum loan amount mentioned?

The provided details do not specify a maximum loan amount. Institutions interested in the loan should contact the Directorate of Higher Education for information on loan limits.

Can the loan funds be used for purposes other than infrastructure development?

No, the loan is strictly meant for the maintenance and upgradation of infrastructural facilities. Funds must be used only for this approved purpose as per the scheme's guidelines.

How is the loan amount disbursed?

The loan is disbursed in installments: 50% upon sanction, 40% after utilization proof of the first installment, and the remaining 10% after completion of the project and fulfillment of other conditions.

Are there any penalties for late loan repayment?

The current information does not detail penalties for late repayment. Applicants should consult the loan agreement or contact the Directorate of Higher Education for specifics on this matter.

Does the scheme offer any preference to certain institutions?

Yes, special preference is given to institutions in less developed areas like Canacona, Pernem, Sattari, Sanquelim, Quepem, Bicholim, and Sanguem. Older institutions are also prioritized over newer ones.

Who is eligible for the soft loan?

Both aided and non-aided higher learning institutions in Goa, including those offering professional courses, are eligible. They must meet criteria like being registered for at least 10 years, having 300+ students, and achieving a minimum passing percentage.

What documents are needed to apply for the loan?

You will need an approved construction plan, a cost estimate certified by professionals, the institution's latest audited accounts, and documents proving ownership of the land.

Are interest rates specified for this soft loan?

The provided details do not mention any interest rates for the soft loan. For information on interest or other charges, institutions should reach out to the Directorate of Higher Education.

Can societies that are not registered under the Societies Registration Act apply?

No, the scheme specifically requires the managing society to be registered under the Societies Registration Act. Therefore, only such registered societies are eligible to apply.