About this banking scheme
"Short Term Loan Scheme" provides financial assistance/ loan as a credit to individuals from the Scheduled Tribe Community to meet the immediate expenses towards Education, Medical and Business needs. The scheme aims to improve their standard of living.
"Short Term Loan Scheme" is a Loan Scheme by the Goa State Scheduled Tribes Finance and Development Corporation Limited, Department of Tribal Welfare, Government of Goa. Under this scheme, financial assistance/ loan is provided as a credit to individuals from the Scheduled Tribe (ST) Community to meet the immediate expenses towards Education, Medical and Business needs. The scheme aims to improve their standard of living and to bring them into the mainstream of society by fulfilling these needs.
Interest Rate, Number of Instalments, and Moratorium Period
For Education Purposes:
The loan shall be given at the interest rate of 2% per annum payable within 20 months in a maximum of 20 instalments with a moratorium period of 3 months.
For Business and Medical Purposes:
The loan shall be given at the interest rate of 2% per annum payable within 10 months in a maximum of 10 instalments with a moratorium period of 03 months.
Penal Interest
If the loan is overdue, 1% of penal interest will be charged on the amount of the overdue instalment.
Recovery
The entire loan along with interest will be recovered according to the rules in force.
Benefits at a glance
| Scheme name | Short Term Loan Scheme (Stls) |
|---|---|
| Launched by | Social Welfare Department |
| Benefit type | In kind (goods, services or support, not cash) |
| Category | Banking |
| Level / State | State · Goa |
| Official portal | stcorporation.goa.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Age | 18 to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 🏷️ST
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Short Term Loan of up to Rs. 1,00,000/- as an advance to meet the Financial requirement urgently for Business/ Education/ Medical Purposes.
Who qualifies
- The applicant should be an individual from the Scheduled Tribe (ST) Community of the State of Goa.
- The applicant can reapply under the said scheme provided he has cleared earlier loans availed under the scheme.
Papers to keep ready
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Registration walkthrough
Offline
Step 1: The interested applicant should visit the Goa State Scheduled Tribes Finance and Development Corporation Ltd, Department of Tribal Welfare, Govt. of Goa, Shram Shakti Bhavan, 5th Floor, Patto, Panaji-Goa, - 403 001.
Step 2: Take a print of the proforma of the application form, or request a hard copy from the concerned authority.
Step 3: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across), and attach copies of all the mandatory documents (self-attest if required).
Step 4: Submit the duly filled and signed application form along with the documents to the concerned authority.
Frequently asked questions
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
What is the timeframe for the implementation of the scheme by the Goa State Scheduled Tribes Finance and Development Corporation Ltd?
The scheme will be implemented for a duration of five years from the date of its issue. If required, the scheme might be adapted or modified to address new challenges and fulfill the intended objectives.
Which department manages this scheme?
This scheme is managed by the Department of Tribal Welfare, Government of Goa.
What is the address of the Department of Tribal Welfare?
The address of the Department of Tribal Welfare is:
Shram Shakti Bhavan, 5th Floor, Patto, Panaji-Goa, - 403 001.
Does this scheme accept online applications?
No, as of 22/08/2023 this scheme only accepts offline mode of application.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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