PANJIM: The Economic Development Corporation (EDC) Ltd submitted a cheque of Rs 12.80 crore to the State government on Tuesday.
At a function organised in this regard, EDC Chairman Sadanand Shet Tanavade and Managing Director K V Ballikar handed over the cheque to Chief Minister Dr Pramod Sawant in the presence of EDC’s senior officials.
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This payment was towards the interest on Land Acquisition amount deposited by the various government departments and other agencies with EDC Ltd for the acquisition of land.
During Financial Year 2020-21, the Corporation has achieved revenue of Rs 82.28 crore and earned a profit before tax amounting to Rs 73.92 crore. During the year, the Corporation in spite of COVID-19 pandemic sanctioned Rs 42.31 crore and disbursed Rs 50.52 crore to various sectors spread across Goa.
The recovery during the same period was Rs 237.81 crore and the outstanding loans stood at Rs 685.61 crore.
