Capital Investment Subsidy Scheme for Goan Diaspora

What is Capital Investment Subsidy Scheme for Goan Diaspora?

Launched in 2018, "Capital Investment Subsidy Scheme for Goan Diaspora" is one of the "IT Policy Schemes" by the Dept of IT, Govt of Goa. All New Units developing office spaces will be eligible for a capital investment subsidy upto 20% on the capital investments made during the tenure of the Scheme.

Benefit

1. A capital investment subsidy of up to 20% on the capital investments made during the tenure of the Scheme. 2. An additional 10% subsidy on capital investments in case of establishment of Mega Business Units. 3. 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. 4. 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. 5. An additional 10% investment subsidy on the capital investments shall be provided in case of units are owned by the Goan Diaspora. 6. 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% 7. 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. 8. 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 a

Level

State — Goa

Ministry / Dept.

Information and Publicity Department

Benefit type

cash

Key eligibility

1. The applicant should be a New/Existing Unit. 2. The applicant should have their operations in Goa. 3. The applicant should be one of the following: - Proprietorship Firm - Private Limited Company incorporated under the Companies Act, 2013 (or equivalent) - Public Limited Company incorporated unde

Last verified

Recently

Benefits

1. A capital investment subsidy of up to 20% on the capital investments made during the tenure of the Scheme. 2. An additional 10% subsidy on capital investments in case of establishment of Mega Business Units. 3. 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. 4. 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. 5. An additional 10% investment subsidy on the capital investments shall be provided in case of units are owned by the Goan Diaspora. 6. 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% 7. 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. 8. 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 a

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

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

2. Step 2: Online application — step 2

   Step 2: On the next page, 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 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".

4. Step 4: Online application — step 4

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

5. Step 5: Online application — step 5

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

6. Step 6: Online application — step 6

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

7. Step 7: Online application — step 7

   NOTE: The applicant can apply for this scheme on a quarterly/bi-annually/annual basis after incurring the relevant expenditure.

8. Step 8: Online application — step 9

   Disbursement Timeline

9. Step 9: Online application — step 10

   Incentive Application Receipt: D Application scrutiny as per checklist: D+30days Application approval by the Empowered Committee: D+60 days Issue of Regret Letter/Sanction Orders and Disbursement: D+90 days

Sources & References

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