GSEMDS

Goa State Export Market Development Scheme, 2008

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Goa State Export Market Development Scheme, 2008

The Goa State Export Market Development Scheme was initiated to bolster the export capabilities of Goan industries. This scheme aimed to enhance the presence of local goods in international markets, providing essential financial support for participation in exhibitions and market research tours abroad.

Overview of the Scheme

Established in 2008 by the Directorate of Industries, Trade and Commerce under the Government of Goa, the Goa State Export Market Development Scheme, 2008 focused on empowering Goan industries to penetrate export markets effectively. The initiative offered interest-free loans of up to ₹5,00,000 to support participation in international exhibitions and market study tours. The program remained operational until March 31, 2011, fostering growth and employment opportunities within the region.

Key Benefits

Interest-free loans of up to ₹5,00,000 were available for participation in exhibitions outside India.
Financial support of up to ₹5,00,000 was also provided for conducting market study tours internationally.
The loan was repayable over a five-year period in equal half-yearly installments.
Any delay in repayment incurred an interest charge of 14% per annum.

Eligibility Requirements

The applicant must be a unit established in Goa that is permanently registered or recognized with an Entrepreneurs Memorandum II by the Directorate of Industries, Trade and Commerce.
The unit should have been operational for a minimum of three years.
An import/export code issued by the Reserve Bank of India or another competent authority is mandatory.
The total turnover of the unit for the last three financial years must not exceed ₹10,00,00,000.
A single unit can utilize this facility only once during its operational lifetime.
If the original unit has previously benefited from this scheme, any sold or transferred unit will be ineligible for future benefits.

Application Process

How to Apply Offline

Interested applicants must obtain the designated proforma from the Directorate of Industries, Trade and Commerce. This form can also be downloaded from the official website of the Directorate.
Applicants need to print the downloaded form, fill in all required fields, attach a passport-sized photograph, and include copies of all necessary documents (self-attested if required).
The completed and signed application form, along with the supporting documents, should be submitted to the Director of Industries, Trade and Commerce.

Application Deadline: Interested units must submit their applications at least 30 days prior to the intended study tour or exhibition.

Post-Application Procedures

The Director of Industries, Trade and Commerce will communicate the decision regarding the application within two weeks. Upon approval, the loan is disbursed by the Directorate. Additionally, the promoter of the unit that has availed the facility under this scheme is required to submit a comprehensive report within 30 days of returning from the visit.

Official Source

For more detailed information, visit myScheme.gov.in.

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Eligibility Criteria

Only those units set up in Goa and permanently registered or acknowledged with Entrepreneurs Memorandum II by the Directorate of Industries, Trade and Commerce were eligible.
The unit had to be in operation for a minimum period of three years.
The unit had to have an import/export code issued by the Reserve Bank of India/Government of India or by any competent authority of the Government of India.
The total turnover of the unit for the last three preceding financial years should not have exceeded ₹10,00,00,000/-.
One unit could avail this facility only once under this Scheme in its lifetime.
If the original unit had already taken benefits under this Scheme, then the sold/transferred unit was not eligible to derive any benefits under this Scheme.

Benefits

Interest-free loan up to ₹5,00,000/- was provided for participating in shows/exhibitions outside India.
Interest-free loan up to ₹5,00,000/- was also provided for market study tours outside India.
The loan was repayable over five years in equal half-yearly installments.

*Delay in payment carried an interest at 14% per annum.

Application Process

Apply OfflineStep 1: The interested applicant had to obtain the specified proforma from the Directorate of Industries, Trade and Commerce. Alternatively, the prescribed format could also be downloaded from the official website of the Directorate.
Step 2: The applicant was required to take a print of the form, fill in all the mandatory fields, paste a passport-sized photograph, and attach copies of all the mandatory documents (self-attested, if required).
Step 3: The duly filled and signed application form, along with the documents, had to be submitted to the Director, Directorate of Industries, Trade and Commerce.
Deadline: The interested units had to apply to the Directorate at least 30 days prior to the study tour or exhibition.

Post-Application Processes
The Director of Industries, Trade and Commerce intimated the decision within two weeks to the unit. If approved, the loan was disbursed by the Directorate of Industries, Trade and Commerce. The promoter of the unit who had availed the facility under this Scheme had to submit a detailed report within 30 days of return from the visit.

References & Official Links

Guidelines (Page No. 8)

Scheme Details

Full Name	Goa State Export Market Development Scheme, 2008
Short Title	GSEMDS
Level	State
Scheme For	Infra
Categories	Business & Entrepreneurship
States	Goa
Close Date	2011-03-31
Gender	All
Age Range	30 — Any years
Area	Both
Source	www.myscheme.gov.in ↗