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Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans

The subsidy aims to support the logistics and warehousing sector by reimbursing 50% of the annual interest paid on construction loans. The benefit is capped at ₹25,00,000/- (Indian Rupees Twenty-five Lakhs) annually per project and is available for up to 05 consecutive years for eligible entities.

Ministry / Department
Commercial Taxes Department
Level
State
Benefit type
cash
Last verified: Recently

Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans क्या है?

The subsidy aims to support the logistics and warehousing sector by reimbursing 50% of the annual interest paid on construction loans. The benefit is capped at ₹25,00,000/- (Indian Rupees Twenty-five Lakhs) annually per project and is available for up to 05 consecutive years for eligible entities.

लाभ
- Subsidy towards annual interest rate payable on loans. - The subsidy rate is 50% of the annual interest amount payable by the entity on loans taken for the construction of projects. - The entitlement per project shall not exceed an annual sum of ₹25,00,000/- (Indian Rupees Twenty-five Lakhs). ##### ***Period of Subsidy*** - Standard projects are eligible for 03 consecutive years from the date the loan was taken. - Projects constructed in Backward Talukas OR owned by Women Entrepreneurs/Entrepreneurs belonging to Schedule Caste/Schedule Tribe Communities are eligible for 05 consecutive years from the date the loan was taken. ##### ***Subsidy Computation and Disbursal*** - The subsidy calculation will take into account the interest amount paid up to the end of the previous fiscal year, for the claim submitted for the year or part of the year. - The subsidy calculation will be based on the actual interest amount incurred, as determined by the prevailing interest rate applicable to the concerned financial transaction. - The reimbursement shall not include penal interest, liquidated damages, or similar charges paid to the financial institutions/banks. ##### ***Claim Submission*** - If an Entity fails to file the annual claim after the first year, it may still submit the delayed claim in the following year, provided it falls within the overall subsidy eligibility period specified in Table 7.1. - If interest cannot be claimed due to non-payment before filing, the unit shall be eli
स्तर
State — Goa
मंत्रालय / विभाग
Commercial Taxes Department
लाभ का प्रकार
cash
मुख्य पात्रता
- The applicant must be applicable only for non-mega industries. - The applicant must own a business unit in Goa and provide Logistics and Warehousing services in Goa. - The applicant must be a Logistics and Warehousing services provider. - The applicant must have Permanent Account Number (PAN) and
अंतिम सत्यापन
Recently

Benefits

- Subsidy towards annual interest rate payable on loans. - The subsidy rate is 50% of the annual interest amount payable by the entity on loans taken for the construction of projects. - The entitlement per project shall not exceed an annual sum of ₹25,00,000/- (Indian Rupees Twenty-five Lakhs). ##### ***Period of Subsidy*** - Standard projects are eligible for 03 consecutive years from the date the loan was taken. - Projects constructed in Backward Talukas OR owned by Women Entrepreneurs/Entrepreneurs belonging to Schedule Caste/Schedule Tribe Communities are eligible for 05 consecutive years from the date the loan was taken. ##### ***Subsidy Computation and Disbursal*** - The subsidy calculation will take into account the interest amount paid up to the end of the previous fiscal year, for the claim submitted for the year or part of the year. - The subsidy calculation will be based on the actual interest amount incurred, as determined by the prevailing interest rate applicable to the concerned financial transaction. - The reimbursement shall not include penal interest, liquidated damages, or similar charges paid to the financial institutions/banks. ##### ***Claim Submission*** - If an Entity fails to file the annual claim after the first year, it may still submit the delayed claim in the following year, provided it falls within the overall subsidy eligibility period specified in Table 7.1. - If interest cannot be claimed due to non-payment before filing, the unit shall be eli

Eligibility

- The applicant must be applicable only for non-mega industries. - The applicant must own a business unit in Goa and provide Logistics and Warehousing services in Goa. - The applicant must be a Logistics and Warehousing services provider. - The applicant must have Permanent Account Number (PAN) and Area: GoaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      *The entity who wishes to avail incentives must first be registered on the Goa Online portal (www.goaonline.gov.in) and must have already obtained necessary business approvals through the portal.

    2. Step 2: Online application — step 2

      Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click " Register ".

    3. Step 3: Online application — step 3

      Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.

    4. Step 4: Online application — step 4

      Step 3: On the Registration Page, fill in all the mandatory fields of the registration form. Create a Login Name and a strong Password. Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes. Fill in the Captcha Code, and click "Register/Signup".

    5. Step 5: Online application — step 5

      Step 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".

    6. Step 6: Online application — step 6

      Step 5: In the top ribbon, click on "Services", then click on " IT Services ". Click on "Incentives on Logistics and Warehousing Sector" . You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the mandatory documents.

    7. Step 7: Online application — step 7

      Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.

    8. Step 8: Online application — step 9

      Post-Application Processes

    9. Step 9: Online application — step 10

      Step 1: Upon receiving the application, the DITC should raise any queries to the applicant regarding shortfalls in the application form or submitted documents. After verification, the DITC designates an official to inspect the Entity, verify all records/documents, including verifying the list of structures created and civil works completed as per the Civil Engineer Certificate (Annexure X). The inspecting officers are required to upload the inspection reports to the portal within 48 hours.

    10. Step 10: Online application — step 11

      Step 2: The application and Inspection Report are subsequently marked to the Chief Executive Officer, Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence. Following the recommendation from the CEO (Goa-IPB), the DITC prepares an appraisal note to be placed before the Incentive Review Committee (IRC).

    11. Step 11: Online application — step 12

      Step 3: The DITC calls for the IRC meeting where the committee deliberates on the incentive application, scrutinizes the details, and sanctions the claims. The decisions of the IRC are final and binding in sanctioning the incentives and deciding the eligible investment.

    12. Step 12: Online application — step 14

      Disbursement of Funds

    13. Step 13: Online application — step 15

      After receiving IRC recommendations, DITC prepares an approval note for the Accounts Department to process the disbursement. The DITC disburse funds to the entities, observing the chronological order of sanctions approved by the IRC. The entire process, from application receipt until amount disbursement, must be completed within a maximum period of 90 days.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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