Goa MSME Survey Reveals 89% Operational Rate, New Investment Scheme in Pipeline
A comprehensive pilot study conducted by Goa's industries department has revealed that nearly 89% of the 30,206 micro, small and medium enterprises (MSMEs) surveyed across the state are currently functional. The survey, carried out under the Raising and Accelerating MSME Performance Programme (RAMP), provides crucial insights into the operational status and challenges faced by manufacturing units located in industrial estates throughout Goa.
Survey Findings and Operational Status
The findings, which were finalized in December 2025, indicate that of the total units surveyed, 26,881 were found to be operational, while 3,325 units were identified as non-functional or sick. The study attributes the closure of many units to the severe economic disruption caused by the Covid-19 pandemic, which had a devastating impact on small businesses across various sectors.
The data shows the overwhelming dominance of micro enterprises within Goa's MSME ecosystem. Among the functional units, a staggering 97% are micro enterprises, with small enterprises comprising 2% and medium enterprises making up just 0.26%. Additionally, about 24% of the functional units are women-owned, indicating a growing and significant presence of female-led enterprises in the state's industrial landscape.
Government Initiatives and Policy Response
In response to these findings, the industries department has initiated the process of drafting the Goa State Incentives to Encourage Investments Scheme. Officials are also considering a restructured umbrella scheme aimed at strengthening MSME growth by addressing critical gaps in several key areas.
"The process of drafting the Goa State Incentives to Encourage Investments Scheme and formulating a restructured and comprehensive umbrella scheme is under consideration," stated industries minister Mauvin Godinho.
The proposed umbrella scheme is designed to tackle multiple challenges simultaneously, focusing on:
- Improving access to funding and financial resources
- Establishing stronger market linkages and connections
- Facilitating technology upgradation and modernization
- Promoting gender inclusivity in business ownership
- Enhancing export preparedness and capabilities
Structural Challenges and Business Constraints
Despite the high proportion of operational units, the survey highlights several persistent structural challenges affecting MSMEs in Goa. Businesses reported facing significant financial barriers, including:
- Limited access to formal credit and banking facilities
- Delayed loan disbursements and approval processes
- High interest rates on business loans
- Stringent collateral requirements for financing
Market-related constraints were also prominently flagged in the report. Several enterprises remain heavily dependent on the tourism sector, leaving them vulnerable to fluctuations in visitor inflow and seasonal variations. This dependency creates significant business risks during periods of reduced tourism activity.
Furthermore, a lack of export readiness continues to limit the ability of MSMEs to tap into international markets and expand their customer base beyond domestic boundaries. This represents a missed opportunity for growth and revenue diversification.
Data Transparency and Legislative Response
The directorate of industries, trade and commerce provided the comprehensive survey data to the state legislative assembly in response to a question posed by opposition leader Yuri Alemao. This transparency in data sharing underscores the government's commitment to addressing MSME challenges through evidence-based policy making.
The survey results and subsequent policy initiatives represent a significant step toward understanding and supporting Goa's MSME sector, which forms the backbone of the state's industrial economy and employment landscape.
