Panaji: The state-run Economic Development Corporation (EDC) Limited recorded a revenue of around Rs 128 crore and a profit of approximately Rs 69 crore in the financial year 2025-26, Chief Minister Pramod Sawant said
In a post on X, Sawant said he chaired the 409th board meeting of EDC Limited, during which several policy and financial decisions, including sanctioning of term loans, were taken.
“The Board approved the consolidated financials for FY 2025–26, recording revenues of around Rs 128 crore and profits of approximately Rs 69 crore,” he said.
The chief minister appreciated the efforts of the EDC team and officers for their continued contribution to Goa’s entrepreneurial ecosystem.
Sawant said the meeting also reviewed the recently amended Mukhyamantri Modified Interest Rebate Scheme.
Under the amendments, an additional five per cent rebate would be available for solar projects, while an additional rebate of up to Rs 15 lakh would be provided for loans under the Working Capital Term Loan Scheme, he said.
The chief minister also highlighted the Easy Exit Scheme for Chief Minister’s Rojgar Yojana (CMRY) borrowers, saying it would provide relief to eligible entrepreneurs whose businesses had failed.
Under the scheme, eligible borrowers would be allowed to repay the principal amount within two years, with applicable interest waived, he said.
Sawant said he had encouraged the EDC team to ensure that the benefits of the initiatives reached every eligible Goan entrepreneur and helped further strengthen the state’s “Swayampurna Goa” initiative.
