What you get
- 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. | - 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. | - The above rebate is also applicable if the built-up space is leased from GIDC/ any Government Agency. | - 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. | - 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. | - The Maximum benefit under this scheme for smaller business units would be ₹10,00,000. | - There is no cap for the Mega & Other Business Units under this Scheme. | 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:** The applicant units will be subject to evaluation at the end of the Fiscal Year to verify eligibility for continuing to receive a subsidy under this scheme.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective and scope of the "Lease Rental Subsidy Scheme" launched in 2018 by the Department of Information Technology, Government of Goa?
The scheme aims to provide Lease Rental Subsidy to eligible Information Technology Units in Goa, fostering the state as a preferred investment destination.
What is the maximum benefit under the Lease Rental Subsidy Scheme for smaller business units, and is there a cap for Mega & Other Business Units?
Smaller business units can avail a maximum benefit of [?]10,00,000, while there is no cap for Mega & Other Business Units.
Can units availing similar financial incentives under other Goa government policies apply for benefits under the Lease Rental Subsidy Scheme?
No, units availing similar incentives under other Goa government policies are not eligible for benefits under this scheme.
What are the conditions for units availing land from GIDC/Government Agency to claim reimbursement of upfront lease premium and annual lease rentals?
Units must be operational for at least one year before applying, and reimbursement is provided for a period of 2 years.
What conditions are attached to the benefits under the scheme, particularly regarding budgetary allocation and continuity of subsidy?
Benefits are subject to budgetary allocation, and no Promissory Estoppel applies if benefits are discontinued due to exceeded allocation. Units are subject to evaluation at the end of the Fiscal Year.
What is the timeline for the disbursement of incentives under the scheme, including key milestones and evaluation periods?
The timeline includes D+30 days for scrutiny, D+60 days for committee approval, and D+90 days for disbursement. Units are evaluated at the end of each installment period.
How often can an applicant apply for the Lease Rental Subsidy Scheme, and what expenditure condition must be met?
Applicants can apply on a quarterly/bi-annual/annual basis after incurring relevant expenditure.
What is the purpose of the User Manual for Business Entity, and where can it be accessed?
The User Manual provides guidance on the application process for the Business Entity and can be accessed at https://services.goaonline.gov.in/Downloads/Organization/BusinessProfile_UserManual.pdf.
In case of queries or the need for assistance, where can applicants contact the relevant authorities?
Contact information can be found at https://www.goa.gov.in/contact/.
What factors determine the amount of lease rental subsidy for eligible Information Technology Units under the scheme?
The amount is contingent on the built-up office space lease/rent, with a reimbursement of up to 50% of the Annual Lease Rentals (60% if 30% or more employees are women) for a period of 2 years.