THE GOAN NETWORK
PANAJI
Economic Development Corporation (EDC) Limited has reported revenues of around Rs 128 crore and a profit of approximately Rs 69 crore for FY 2025‑26.
The consolidated financials were approved at the 409th Board Meeting chaired by Chief Minister Pramod Sawant.
The Board also cleared amendments to the Mukhyamantri Modified Interest Rebate Scheme.
Solar projects will now receive an additional 5% rebate, while loans under the Working Capital Term Loan Scheme will qualify for an extra rebate of up to Rs 15 lakh.
In a significant relief measure, the Easy Exit Scheme for CMRY borrowers was also reviewed and entrepreneurs whose ventures have failed will be allowed to repay only the principal amount within two years, with applicable interest waived.
Officials said the move is aimed at reducing distress among small businesses and encouraging risk‑taking among first‑generation entrepreneurs.
The BoD meeting also sanctioned term loans and took several policy and financial decisions.
EDC officials said the corporation continues to play a key role in supporting industrial and commercial growth in Goa, while adapting schemes to meet emerging needs.
The financial results indicate a strong performance as the State‑owned body corporate has posted a profit of Rs 69-odd crore, while maintaining a healthy balance sheet and expanding its portfolio of schemes.
The new incentives for solar projects and working capital loans are expected to boost investment in renewable energy and provide liquidity support to enterprises, officials said, adding that the BoD decisions are a mix of fiscal consolidation and policy innovation.
