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Business & Entrepreneurship

Special Incentive Allowance Scheme

Launched in 2018, the "Special Incentive Allowance Scheme" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. New and Existing Units would be provided with the allowance once at the end of every three year period.

Authority

State/ UT

Region

Goa

Status

Verified 2026

Updated

March 2026

What you get

- The Units would be provided with the following special incentive allowance once at the end of every three year period: | - Smaller Business Units: ₹ 50,00,000 | - Other Business Units: ₹ 1,00,00,000 | - Mega Business Units: ₹ 2,00,00,000 | 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: Only expenditure incurred during the operation of the policy will be considered.

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); Criteria: Annual Growth; Unit: >= 20% pa for a period of 3 years; Criteria: Employee Head Count (Goans or Goan Graduates); Unit: >= 75% of the total employees; Criteria: Female Employees; Unit: >= 60%; Criteria: Employee Certification (Policy section 6.4.1); Unit: 100% of the Goans; Criteria: Quality Certification by the company (Policy section 6.2.10); Unit: At least one during the Policy period

Required Paperwork

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

Common Questions

How is the number of employees calculated for the eligibility assessment, and what is the time frame considered?

The number of employees is based on those on the rolls for more than 12 months during the year. In case of expansion, new employees should be on the rolls for at least one year before the application date.

What is the minimum annual growth criterion for units to avail the special incentive allowance, and for what duration?

Units need to demonstrate an annual growth of at least 20% for a period of three years to qualify for the special incentive allowance.

What percentage of total employees must be Goans or Goan Graduates to meet the eligibility criteria?

To meet the eligibility criteria, units should have at least 75% of the total employees as Goans or Goan Graduates.

What is the minimum percentage of female employees required for units to qualify for the incentive allowance?

Units need to have a minimum of 60% female employees to meet the eligibility criteria for the incentive allowance.

How often will units be evaluated to verify their eligibility for continuing to receive the subsidy under this scheme?

Units will be subject to evaluation at the end of each Fiscal Year to verify their eligibility for continuing to receive the subsidy under this scheme.

What is the special incentive allowance provided to Smaller Business Units at the end of every three-year period?

Smaller Business Units receive [?]50,00,000 as a special incentive allowance at the end of every three-year period.

What is the special incentive allowance for Other Business Units at the end of every three-year period?

Other Business Units receive [?]1,00,00,000 as a special incentive allowance at the end of every three-year period.

What is the special incentive allowance for Mega Business Units at the end of every three-year period?

Mega Business Units receive [?]2,00,00,000 as a special incentive allowance at the end of every three-year period.

Is there any condition related to budgetary allocation for the benefits under this scheme?

Yes, the benefits under this scheme are subject to budgetary allocation, and no Promissory Estoppel is applicable if benefits are discontinued due to exceeding the allocation.

What type of expenditures will be considered for the incentive allowance, according to the policy?

Only expenditures incurred during the operation of the policy will be considered for the incentive allowance.

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