Team Goemkarponn
PANAJI: Chief Minister Dr Pramod Sawant chaired the 409th Board Meeting of EDC Limited, where several important policy and financial decisions were taken, including the sanctioning of term loans.
The Board approved EDC’s consolidated financial statements for FY 2025–26, recording revenue of around ₹128 crore and a profit of approximately ₹69 crore. Sawant appreciated the EDC team and officers for their continued contribution towards strengthening Goa’s entrepreneurial ecosystem.
The Chief Minister also reviewed the recently amended Mukhyamantri Modified Interest Rebate Scheme, which includes an additional 5% rebate for solar projects and an additional rebate of up to ₹15 lakh for loans under the Working Capital Term Loan Scheme.
The meeting also discussed the Easy Exit Scheme for CMRY borrowers, which aims to provide relief to eligible entrepreneurs whose businesses have failed. Under the scheme, eligible borrowers can repay the principal amount within two years, with applicable interest waived.
Sawant urged the EDC team to ensure that the benefits of these initiatives reach every eligible Goan entrepreneur and contribute towards further strengthening the vision of Swayampurna Goa.
