Lease Rental Subsidy Scheme

What is Lease Rental Subsidy Scheme?

Launched in 2018, the "Lease Rental Subsidy Scheme" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. The objective and the scope of this scheme is to provide Lease Rental Subsidy to the eligible Information Technology Units in Goa.

Benefit

1. A rental/ Lease reimbursement on the built-up office space lease/rent, up to 50% of the Annual Lease Rentals (60% in cases where 30% or more of the employees are women) for a period of 2 years. 2. Incentives under clause 2.1 above shall be disbursed on a pro-rata basis based on the number 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 order to avail the benefits of the scheme, the employees should be on the rolls of the company for a minimum period of one year. 3. The above rebate is also applicable if the built-up space is leased from GIDC/ any Government Agency. 4. For the units availing land from GIDC/ any Government Agency, a reimbursement of the upfront lease premium (as per the Stamp Registration) paid by the unit shall be reimbursed as per the payment to the Allotment Agency. In addition, the annual lease rentals paid to the allotment can also be claimed post-completion of one year of operation. This reimbursement would be provided for a period of 2 years. 5. In order to avail of this benefit the unit should be operational for at least one year prior to the date of applying for the incentive. 6. The Maximum benefit under this scheme for smaller business units would be ₹10,00,000. 7. There is no cap for the Mega & Other Business Units under this Scheme. **NOTE 1:** The benefits under this scheme are subjec

Level

State — Goa

Ministry / Dept.

Information and Publicity Department

Benefit type

cash

Key eligibility

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

Last verified

Recently

Benefits

1. A rental/ Lease reimbursement on the built-up office space lease/rent, up to 50% of the Annual Lease Rentals (60% in cases where 30% or more of the employees are women) for a period of 2 years. 2. Incentives under clause 2.1 above shall be disbursed on a pro-rata basis based on the number 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 order to avail the benefits of the scheme, the employees should be on the rolls of the company for a minimum period of one year. 3. The above rebate is also applicable if the built-up space is leased from GIDC/ any Government Agency. 4. For the units availing land from GIDC/ any Government Agency, a reimbursement of the upfront lease premium (as per the Stamp Registration) paid by the unit shall be reimbursed as per the payment to the Allotment Agency. In addition, the annual lease rentals paid to the allotment can also be claimed post-completion of one year of operation. This reimbursement would be provided for a period of 2 years. 5. In order to avail of this benefit the unit should be operational for at least one year prior to the date of applying for the incentive. 6. The Maximum benefit under this scheme for smaller business units would be ₹10,00,000. 7. There is no cap for the Mega & Other Business Units under this Scheme. **NOTE 1:** The benefits under this scheme are subjec

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

10. Step 10: Online application — step 11

    NOTE: Units will be subject to evaluation at the end of each installment period to verify eligibility for the next installment.

Sources & References

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