Easy Loan from Edc Goa for Entrepreneurs Wanting to have Own Start-Up Business there

Goa is a premium tourist spot not only for domestic but also for international tourists visiting India. This place has tremendous scope for the hotel and tourism industry. Many aspiring entrepreneurs may want to have business start-ups in the hotel industry or tourism-related industry here in Goa. But they may be finding some difficulty in arranging for the requisite funds to start the start-up business in Goa. EDC Ltd offers a helping hand to such entrepreneurs by offering loans for hotels on easy terms. 

EDC Ltd is a premier financial institution based in Goa. The full form of the name was Economic Development Corporation of Goa, Daman, and Diu. The institution started functioning in the year 1975 and is serving relentlessly as an agency for industrial and economic development in Goa since then. 

EDC Ltd encourages start-up entrepreneurs by offering them business loans for entrepreneurs, loans for hotels, etc, since the hotel industry is one of the premium businesses in Goa. EDC Ltd has already offered funds worth 5000 crores as term loans to more than 11500 service sector or industrial projects during its years of operation since 1975. Many of such projects funded by EDC Ltd have yielded profits of crores of Rupees for Goa state and are the cause of starting large-scale economic activities in the state of Goa. These projects financed by EDC Ltd have created thousands of jobs directly or indirectly in the state of Goa. EDC Ltd has proved to be a very big help in solving the problem of unemployment in Goa by creating job opportunities in the state. 

EDC Ltd has made the state of Goa a prosperous business ground for entrepreneurs wishing to start up businesses in the state, without much worrying about arranging the required funds. EDC Ltd offers loans for entrepreneurs or loans for hotels business on easy terms. EDC Lid has actively participated in the flagship schemes in the state such as Chief Minister’s Rojgar Yojna, which targeted to deal with the unemployment problem in Goa. EDC Ltd has already sanctioned loans of more than 220 crores INR to more than 7500 entrepreneurs in Goa. 

The Chief Minister’s Rojgar Yojna at Goa is scheme of providing loans for self-employment to the unemployed youth of Goa. This scheme is sponsored by the Government of Goa and is being very successfully operated by EDC Ltd, Goa since April 2001.  EDC Ltd has provided loans in suitable and attractive terms to the applicants in this scheme for sanctioning quick loans to them. 

This scheme has been very successful in reducing unemployment in Goa with the active participation of EDC Ltd. About 6500 persons have benefitted from this scheme till now and have been sanctioned a loan of 175 crores INR, out of which 148 crores INR have already been disbursed. Most of them are doing well and are providing a healthy recovery of loans in time. 

EDC Goa is a financial institution in Goa that offers easy loans for entrepreneurs in east terms, making starting up a business easy. EDC Ltd has an appreciable role to play in industrial and economic growth in the state of Goa.