What you get
- Capital investments do not include investments made towards land and building, if any, by the applicant. | - All New Units developing office spaces will be eligible for a capital investment subsidy up to 20% on the capital investments made during the tenure of the Scheme. | - An additional 10% subsidy on the capital investments made will be provided in case of the establishment of Mega Business Units. | - All Existing Units, which qualify as Mega Units, are also eligible for a capital investment subsidy up to 20% of the capital investment incurred in the last 3 years prior to the date of notification of this policy. | - 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. | - Based on the number of employees of Goan origin or Goan Graduates, the percentage of incentives under clauses 2.2, 2.3, 2.4, and 2.5 above shall be disbursed on a pro-rata basis as under: | - Upto 30% of employees on rolls of the company: 50% | - 30% to 60% employees on rolls of the company: 75% | - More than 60% of employees on rolls of the company: 100% | To avail of the benefits of the scheme, employees should be on the rolls of the company for a minimum period of one year. | - In case of any expansions, the unit can avail of 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 the application. | - 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:** The benefits under this scheme are subject to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case the allocation is exceeded.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the primary objective of the "Capital Investment Subsidy Scheme" launched in 2018 by the Department of Information Technology, Government of Goa?
The scheme aims to provide Capital Investment Subsidy to eligible Information Technology Units in the State of Goa, fostering investment and expansion.
Can a Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008, qualify as an applicant for the scheme?
Yes, a Limited Liability Partnership is eligible, provided its bank accounts are linked to Aadhaar.
What is the minimum duration a unit must operate from a specific office space to avail capital investment subsidy according to the scheme?
A unit can avail the subsidy only if it has operated from the said office space for more than two years.
Are units availing similar financial incentives under other Government of Goa policies eligible for benefits under the "Capital Investment Subsidy Scheme"?
No, units availing similar incentives under any other policy are excluded from this scheme.
How are capital investments defined in the context of the scheme, and are investments in land and building included?
Capital investments exclude investments in land and building. Investments in other eligible areas qualify for the subsidy.
What percentage of capital investment subsidy is provided to New Units developing office spaces during the scheme tenure?
New Units developing office spaces are eligible for a 20% capital investment subsidy.
Explain the criteria for additional subsidy provided to Mega Business Units under the scheme.
Mega Business Units receive an extra 10% subsidy on capital investments made during the scheme period.
How is the percentage of incentives under the scheme disbursed based on the number of employees of Goan origin or Goan Graduates?
Disbursement is pro-rata: Up to 30% of employees - 50%, 30% to 60% of employees - 75%, and more than 60% of employees - 100%.
What is the minimum period employees need to be on the rolls to qualify for the incentives under the scheme?
Employees should be on the rolls for a minimum period of one year to avail benefits.
What are the maximum rebate amounts for Smaller Business Units, Other Business Units, and Mega Business Units under the scheme?
Smaller Business Units - [?]10,00,000, Other Business Units - [?]50,00,000, Mega Business Units - [?]1,00,00,000.
Are the benefits under the "Capital Investment Subsidy Scheme" subject to any condition related to budgetary allocation?
Yes, benefits are subject to budgetary allocation, and no Promissory Estoppel applies if benefits are discontinued due to exceeding the allocation.
Outline the step-by-step application process for the "Capital Investment Subsidy Scheme."
Register on Goa Online, verify details, login, select IT Services, choose the scheme, fill the application form, upload documents, and submit.
What is the timeline for the disbursement process, from the application receipt to the issuance of Regret Letter/Sanction Orders and Disbursement?
Incentive Application Receipt: D, Application scrutiny: D+30 days, Approval by Empowered Committee: D+60 days, Disbursement: D+90 days.
Explain the conditions for reimbursement tranches for companies under the scheme.
Rebate will be reimbursed in three tranches post Commercial Operation Date or from the date of policy notification, whichever is later.
What evaluation criteria are units subject to at the end of each installment period for eligibility in the next installment?
Units are evaluated to verify eligibility for the next installment based on the set criteria.
How often can an applicant apply for the "Capital Investment Subsidy Scheme" after incurring relevant expenditure?
The applicant can apply quarterly/bi-annually/annually after incurring relevant expenditure.