What you get
- A capital investment subsidy of up to 20% on the capital investments made during the tenure of the Scheme. | - An additional 10% subsidy on capital investments in case of establishment of Mega Business Units. | - All Existing Units, which qualify as Mega Units are also eligible for capital investment subsidy up to 20% of the capital investment incurred in the last 3 years before the date of notification of this policy. | - An additional 10% subsidy on capital investments will be provided for the establishment of office spaces for the industries identified as key focus areas for the Government. | - An additional 10% investment subsidy on the capital investments shall be provided in case of units are owned by the Goan Diaspora. | - Incentives shall be disbursed on a pro-rata basis based on the percentage of Employees of Goan origin or Goan Graduates: | - Upto 30% of employees on rolls of the company: 50% | - 30% to 60% employees on rolls of the company: 75% | - More than 60%employees on rolls of the company: 100% | - In case of any expansions, the unit can avail the investment subsidy, provided it meets the criteria of the Expansion Unit. New employees of the expansion should be on the rolls for at least one year prior to the date of application. | - The maximum rebate under this provision would be as follows: | - Smaller Business Units: ₹ 10,00,000 | - Other Business Units: ₹ 50,00,000 | - Mega Business Units: ₹ 1,00,00,000 | NOTE 1: The benefits under this scheme are subject to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case the allocation is exceeded. | NOTE 2: Only expenditures incurred during the operation of the policy will be considered. | NOTE 3: Capital investments do not include investments made towards land and building, if any, by the applicant.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
How are incentives disbursed based on the percentage of Goan origin employees?
Incentives are disbursed on a prorata basis: 50% for up to 30% of employees, 75% for 30% to 60%, and 100% for over 60% Goan origin employees.
What are the prerequisites for availing the capital investment subsidy under the scheme?
The unit and/or its partner(s)/director(s) should have linked their bank accounts to Aadhaar.
How long should a unit operate from a specific office space to be eligible for capital investment subsidy?
A unit must operate from the designated office space for a period exceeding one year to avail the capital investment subsidy.
Is there a specific geographical requirement for registration to qualify for the subsidy?
Yes, the company/firms should be registered in Goa to be eligible for the scheme.
What criteria determine the eligibility of the CEO/Head or Majority Stakeholder(s) for the subsidy?
The CEO/Head or Majority Stakeholder(s) should be of Goan Diaspora to qualify for the subsidy.
How is the workforce composition considered for eligibility under the scheme?
The company/firm should have a minimum of 15 employees, with at least 60% of them being of Goan origin.
What tenure should the employees be on the company's rolls to meet the eligibility criteria?
Employees should be on the company's rolls for a minimum period of one year to qualify for the subsidy.
How often are units evaluated for subsidy eligibility under the scheme?
Units are subject to evaluation at the end of the Fiscal Year to verify continued eligibility for receiving subsidy.
What are the different components of the capital investment subsidy?
The capital investment subsidy includes a base subsidy of up to 20%, with an additional 10% for Mega Business Units.
What is the maximum rebate available for smaller business units and other business units under the expansion provision?
Smaller Business Units can avail a maximum rebate of [?]10,00,000, while other Business Units can avail [?]50,00,000 under the expansion provision. Mega Business Units can avail [?]1,00,00,000.
Where Can I Find The Link To The Scheme Guidelines?
You can access the comprehensive Scheme Guidelines, which provide intricate details and instructions, at the following web address: https://www.goa.gov.in/wp-content/uploads/2020/08/ITPolicySchemes2018.pdf
Where Can I Find The Link To The Official Gazette?
You can obtain the Official Gazette by visiting this specific webpage: https://ditc.goa.gov.in/sites/default/files/Target-Schemes.pdf