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Skills & Employment; Business & Entrepreneurship

Interest Subsidy Scheme for Smaller Business Units

Launched in 2018, the "Internet 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 Internet Subsidy to the eligible Information Technology Units in Goa.

Authority

State/ UT

Region

Goa

Status

Verified 2026

Updated

March 2026

What you get

For Smaller Business Units, interest subsidy on working capital loan will be provided, subject to a maximum of ₹ 5,00,000 per annum, for a period of 3 years. | NOTE 1: 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. | NOTE 2: This incentive is allowed to be claimed once every fiscal year, up to a maximum of 3 years.

Who can apply

Proprietorship Firm; Private Limited Company incorporated under the Companies Act, 2013 (or equivalent); Public Limited Company incorporated under the Companies Act, 2013 (or equivalent); Registered Partnership Firm incorporated under the Indian Partnership Act, 1932 (or equivalent); Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008 (or equivalent)

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Where Can I Find The Link To The Scheme Guidelines?

You can access the comprehensive Scheme Guidelines, which provide intricate details and instructions, at the following web address: https://www.goa.gov.in/wp-content/uploads/2020/08/ITPolicySchemes2018.pdf

Where Can I Find The Link To The Official Gazette?

You can obtain the Official Gazette by visiting this specific webpage: https://ditc.goa.gov.in/sites/default/files/Target-Schemes.pdf

Where Can I Find The Link To The User Manual for Business Entity?

You can obtain the Official Gazette by visiting this specific webpage: https://services.goaonline.gov.in/Downloads/Organization/BusinessProfile_UserManual.pdf

Is There Any Application Fee?

No, applicants can rest assured that the entire application process is entirely free of cost. There are no fees associated with applying for this scheme.

How can I track the status of application?

Please visit https://goaonline.gov.in/StatusTrack to know the status of your application.

When was the scheme launched and by which department?

The scheme was launched in 2018 by the Department of Information Technology, Government of Goa.

What are the objectives of the Information Technology Policy of Goa?

Goa's IT Policy envisages Goa as an aspirational geographical and human resource base for IT Units and a preferred destination for their investment and expansion.

Is it mandatory for the applicant units, both new and existing, to have their operations in Goa?

Yes, in order to be eligible to apply for this scheme, the New and Existing Units must have their operations in Goa.

Is Udyog Aadhaar a mandatory document for this scheme?

Yes, the applicant unit shall be eligible for the benefits under this scheme only up on production of Udyog Aadhaar.

Are the benefits under this scheme guaranteed?

The benefits under this scheme are subject to budgetary allocation. No Promisory Estoppel shall be applicable if benefits are discontinued in case allocation is exceeded.

What is the tentative timeline for the Application scrutiny as per checklist?

The timeline for the Application approval by the Empowered Committee is 30 days from the receipt of the Application.

What is the tentative timeline for the Application approval by the Empowered Committee?

The timeline for the Application approval by the Empowered Committee is 60 days from the receipt of the Application.

How frequently can the incentive under this scheme be claimed, and for what maximum duration in a fiscal year is it allowed?

The incentive under this scheme can be claimed once every fiscal year, up to a maximum duration of 3 years.

What is the maximum annual interest subsidy provided for working capital loans to Smaller Business Units under the scheme, and for how many years is this subsidy applicable?

The scheme offers an interest subsidy on working capital loans for Smaller Business Units, capped at [?]5,00,000 per annum. This subsidy is applicable for a period of 3 years.