Goa State Employment Subsidy Scheme for the Industries, 2008

Goa State Employment Subsidy Scheme for the Industries, 2008 क्या है?

"Goa State Employment Subsidy Scheme for the Industries, 2008" aimed to promote industrial growth, revive sick units, and provide employment to local youths. Additional subsidies and incentives were given to eligible manufacturing units, with a focus on local employment and industrial development.

लाभ

> **Additional Benefits** - 5% additional benefit under the Local Employment Subsidy Scheme. - Preference in Capital Contribution and under Special Capital Contribution Schemes. - Increased interest subsidy limit from 1% to 2% of turnover, with 35% of interest paid (up from 30%), subject to an overall ceiling of ₹8,00,000/-. > **Subsidy Quantum** - For new units in developed talukas: 25% subsidy. - For new units in less developed talukas: Additional 10% subsidy (total 35%). - For existing micro and small units in developed talukas: 10% subsidy. - For existing micro and small units in less developed talukas: Additional 5% subsidy (total 15%). - For sick units under revival plan: Subsidy defined by the appropriate authority, subject to a maximum of 25%. - Total subsidy did not exceed 40% including all additional benefits. > **Disbursement** - 50% of the amount was paid upon signing the agreement. - The remaining 50% was paid via bonds bearing 6% interest, payable after 5 years, subject to the unit being functional and employing 80% local youths at maturity. - Disbursement was made within 15 days of claim finalization.

स्तर

State — Goa

मंत्रालय / विभाग

Commercial Taxes Department

लाभ का प्रकार

cash

मुख्य पात्रता

- Only manufacturing units were eligible. - New and existing Micro and Small Enterprises registered with the Directorate of Industries, Trade and Commerce. - Medium and large units approved by the High-Powered Coordination Committee after 1st April 2008. - Units had to employ 80% local manpower (con

अंतिम सत्यापन

Recently

Benefits

> **Additional Benefits** - 5% additional benefit under the Local Employment Subsidy Scheme. - Preference in Capital Contribution and under Special Capital Contribution Schemes. - Increased interest subsidy limit from 1% to 2% of turnover, with 35% of interest paid (up from 30%), subject to an overall ceiling of ₹8,00,000/-. > **Subsidy Quantum** - For new units in developed talukas: 25% subsidy. - For new units in less developed talukas: Additional 10% subsidy (total 35%). - For existing micro and small units in developed talukas: 10% subsidy. - For existing micro and small units in less developed talukas: Additional 5% subsidy (total 15%). - For sick units under revival plan: Subsidy defined by the appropriate authority, subject to a maximum of 25%. - Total subsidy did not exceed 40% including all additional benefits. > **Disbursement** - 50% of the amount was paid upon signing the agreement. - The remaining 50% was paid via bonds bearing 6% interest, payable after 5 years, subject to the unit being functional and employing 80% local youths at maturity. - Disbursement was made within 15 days of claim finalization.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 1: The eligible units had to register with the Directorate of Industries, Trade and Commerce using the prescribed proforma/form.

2. Step 2: Offline application — step 2

   Step 2: Submit half-yearly claims covering January-June and July-December periods. Claims had to be filed within 3 months of the half-yearly period (first half-year claim by 30th September, second half-year claim by 31st March).

3. Step 3: Offline application — step 3

   Step 3: The Directorate of Industries, Trade and Commerce scrutinized and prepared a list of eligible units and forwarded it to the Task Force Committee within one month. The Task Force Committee verified claims and finalized the list within two months.

4. Step 4: Offline application — step 4

   *Any disputes could be filed with the Chief Secretary, whose decision was final.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.