Panaji: CM Pramod Sawant on Wednesday (July 9) while chairing the Board Meeting of Economic Development Corporation (EDC) approved the financial statements of the state-run corporation of Rs 111.47 crore.
Sawant chaired the 404th Board meeting of EDC in Panaji, where several strategic decisions were taken to accelerate the growth of Goa’s entrepreneurial ecosystem and deepen financial inclusion for local businesses, a state government spokesman said.
He said that during the meeting, the Chief Minister approved the financial statements of EDC Limited for the financial year 2024–25.
“The corporation reported a revenue of Rs 111.47 crore and a profit of Rs 81.27 crore, maintaining a healthy financial profile with Gross NPAs below 0.25 per cent. The net worth of the corporation now stands at Rs 840 crore,” the spokesman said.
The CMO said that further strengthening support for Goan enterprises, Dr. Sawant sanctioned a fresh round of loan proposals, taking the total value of loan sanctions by EDC this year to approximately Rs 40 crore.
“In a significant move to promote employment and self-reliance, the Chief Minister granted in-principle approval to the Mukhyamantri Rozgar Yojana, a new initiative aimed at generating employment opportunities for youth through entrepreneurship,” he said.
The spokesman said that to further embed entrepreneurial education in the state’s academic institutions, the Chief Minister approved a collaborative initiative with the Entrepreneurship Development Institute of India (EDII) to train faculty members from government colleges and higher secondary schools across Goa.
Sawant also issued directives to EDC to design new, targeted loan schemes specifically for Goan businesses and simplify and enhance access to existing financial schemes for entrepreneurs.
