EDC Limited is a premier financial institution in Goa. Formerly known as Economic Development Corporation of Goa, Daman & Diu, it was incorporated on 12th March 1975 and has during the last 44 years of its existence been a catalyst for economic development and industrial growth in Goa.
The history of EDC is a repertoire of achievements. It has already extended financial assistance of over Rs.2860 Crores by way of term loans to more than 11000 industrial and service sector projects. Some of these projects have resulted in generating large scale economic activity and Crores of rupees in revenue for the state. Thousands of jobs created by units financed by EDC, directly and indirectly, have helped the state to ease the problem of unemployment.
The Corporation also successfully operates its flagship scheme; the Chief Minister’s Rojgar Yojana targeted at the unemployed youth of Goa and has so far sanctioned Rs. 1970 crores to around 7000 entrepreneurs.
The Corporation has recently started Government’s “Goa Tribal’s Employment Generation Programme (GTEGP) Scheme” with the direction of the Planning Commission, Government of India to generate self-employments among the Tribal Communities to benefit the families of Scheduled Tribes and has sanctioned Rs. 95.12 Lakhs to around 14 entrepreneurs.
EDC takes pride in its versatility which is a pre-requisite in today’s challenging business environment and has geared itself to diversify from a prime lending institution into a result oriented financial institution of trust and confidence in the financial sector. The equity capital of the corporation is subscribed by the Govt. of Goa and also Daman & Diu Administration and IDBI.
The present shareholding of the Corporation as on 31/03/2019 is as follows:
|Shareholder||Share Holding Percentage (%)||No. of Shares|
|Govt. Of Goa||85.41||8620260|
|Daman & Diu Administration||3.16||319000|
*Share value: Rs.100/- per share