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Interest Subsidy Reimbursement Scheme

Through the "Interest Subsidy Reimbursement Scheme”, the projects which show immense promise and potential will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed.

Ministry / Department
Information and Publicity Department
Level
State
Benefit type
cash
Last verified: Recently

Interest Subsidy Reimbursement Scheme क्या है?

Through the "Interest Subsidy Reimbursement Scheme”, the projects which show immense promise and potential will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed.

लाभ
1. Up to 3 projects that show immense promise and potential, as recommended by the Startup Promotion Cell, will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed, up to ₹ 5,00,000 per annum, for an initial period of two years only. 1. Other Startups shall be eligible for an interest repayment grant of 10% of the interest amount of a loan availed, up to ₹ 2,00,000 per year, for a period of two years. This benefit can be availed by 40 start-ups each year which the SPC shall select as per its guidelines. 1. This amount will be in addition to any other interest subsidy or loan provided under Chief Minister Rojgar Yojana (CMRY). **NOTE:** Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.
स्तर
State — Goa
मंत्रालय / विभाग
Information and Publicity Department
लाभ का प्रकार
cash
मुख्य पात्रता
All the Start-ups certified by the Start-up Promotion Cell (SPC) having a valid start-up certificate number are eligible to apply for this scheme. **NOTE:** Only expenditures incurred after notification of Goa Start-up Policy 2017 within the validity of this policy and paid for digitally would be co
अंतिम सत्यापन
Recently

Benefits

1. Up to 3 projects that show immense promise and potential, as recommended by the Startup Promotion Cell, will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed, up to ₹ 5,00,000 per annum, for an initial period of two years only. 1. Other Startups shall be eligible for an interest repayment grant of 10% of the interest amount of a loan availed, up to ₹ 2,00,000 per year, for a period of two years. This benefit can be availed by 40 start-ups each year which the SPC shall select as per its guidelines. 1. This amount will be in addition to any other interest subsidy or loan provided under Chief Minister Rojgar Yojana (CMRY). **NOTE:** Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.

Eligibility

All the Start-ups certified by the Start-up Promotion Cell (SPC) having a valid start-up certificate number are eligible to apply for this scheme. **NOTE:** Only expenditures incurred after notification of Goa Start-up Policy 2017 within the validity of this policy and paid for digitally would be coArea: GoaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Step 1: Visit the Official Website of Goa Startup Mission.

    2. Step 2: Online application — step 2

      Step 2: Verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.

    3. Step 3: Online application — step 3

      Step 3: On the Registration/Signup Page , fill in all the mandatory fields of the registration form (Country, Name, Date of Birth, Address, PIN Code, Gender, etc.).

    4. Step 4: Online application — step 4

      Step 4: Create a Login Name and a strong Password (Password can have special characters like @ # $ % ^ & + =).

    5. Step 5: Online application — step 5

      Step 5: Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes.

    6. Step 6: Online application — step 6

      Step 6: Fill in the Captcha Code, and click "Register/Signup".

    7. Step 7: Online application — step 7

      Step 7: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".

    8. Step 8: Online application — step 8

      Step 8: Navigate to the online application form for the relevant scheme.

    9. Step 9: Online application — step 9

      Step 9: In the application form, fill in all the mandatory fields and upload all the mandatory documents (self-attest if required).

    10. Step 10: Online application — step 10

      Step 10: Submit the application and note the application reference number for application tracking.

    11. Step 11: Online application — step 12

      OR

    12. Step 12: Online application — step 14

      Step 1: Take a print of the proforma of the application form. Fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest if required).

    13. Step 13: Online application — step 15

      Step 2: Submit the duly filled and signed application form along with the documents to SPC via Email at [email protected]

    14. Step 14: Online application — step 17

      NOTE: The applicant can apply for this scheme at any time of the financial year but only within 6 months of incurring the relevant expenditure.

    15. Step 15: Online application — step 19

      Notification

    16. Step 16: Online application — step 20

      The applications received by the SPC shall be evaluated and approval or rejection shall be notified within 45 days from receipt of the application by the SPC.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website