Govt tweaks interest rebate scheme for cos

Panaji: The state government has tweaked and notified the ‘Mukhyamantri Modified Interest Rebate Scheme’ which will be in force till March 2028.
The scheme, which was rolled out in 2012, is applicable for new and existing industrial estate and will be rolled out through EDC (Economic Development Corporation).
The maximum interest rebate offered under this scheme is capped at 9% per annum with a ceiling of Rs 25 lakh per annum. The government hopes that the scheme encourages investments in the underdeveloped and hinterland talukas leading to a rise in economic activities and employment opportunities.
Units employing 20 or more Goan employees will be eligible to receive an additional 2% per rebate