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Business & Entrepreneurship

Performance Linked Grant Scheme for Smaller Business Units

The objective of the "Performance Linked Grant Scheme for Smaller Business Units" is to provide a Performance Linked Grant of 5% of the reported net income to the eligible Information Technology Units in the State of Goa, subject to a total cap of ₹ 25,00,000.

Authority

State/ UT

Region

Goa

Status

Verified 2026

Updated

March 2026

What you get

- A performance grant of 5% of the reported net income, subject to a total cap of ₹ 25,00,000. | 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

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

What is the procedure for calculating the reported net income for the purpose of determining the 5% performance grant, and how does it relate to the Income Tax Returns of the Unit?

The reported net income considered for the 5% performance grant is derived from the Income Tax Returns of the Unit. It encompasses the net income highlighted in these returns for all the years covered in the claimed period. The certified copy from the auditor or Chartered Accountant further certifies the accuracy of this reported income.

Could you elaborate on the significance of the cap of ₹ 25,00,000 mentioned in relation to the performance grant of 5% of the reported net income?

The cap of [?] 25,00,000 serves as an upper limit on the performance grant, ensuring that regardless of the calculated 5% of the reported net income, the grant does not exceed this specified amount. This is a crucial detail to consider when assessing the potential benefits and limitations of the policy.

In the context of the y-o-y growth requirement, how should a situation where a company experiences a decline in turnover for one of the three consecutive years be addressed?

The guideline stipulates a record growth of 15% y-o-y turnover for any three consecutive years. In the event of a decline in turnover for one of these years, it may impact the eligibility. However, it's recommended to carefully review the specific circumstances, as exceptions or considerations might apply based on the nature and context of the decline.

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

Is There Any Compensation For The Delay In The Disbursal Of The Scheme Benefits?

The guidelines do not mention any provision for compensation in the event of delayed disbursement of scheme benefits.

Can Applicants From The Neighboring States Also Apply To This Scheme?

This scheme is exclusively available to permanent residents of the state. Applicants from neighboring states, among others, are not eligible to apply.

What is the link to the Official Web Portal of Goa Online?

The link to the Official Web Portal of Goa Online is https://goaonline.gov.in/

What is the tentative timeline for the Issue of Regret Letter/Sanction Orders and Disbursement?

The timeline for the Application approval by the Empowered Committee is 90 days from the receipt of the Application.

What is the full form of GST - TIN?

The full form of GST TIN is Goods and Services Tax - Tax Identification Number.

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.

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.

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.