Launched in 2018, Capital Investment Subsidy Scheme for Goan Diaspora is one of the IT Policy Schemes by the Dept of IT, Govt of Goa. All New Units developing office spaces will be eligible for a capital investment subsidy upto 20% on the capital investments made during the tenure of the Scheme.
₹10.0 L
1. A capital investment subsidy of up to 20% on the capital investments made during the tenure of the Scheme.
2. An additional 10% subsidy on capital investments in case of establishment of Mega Business Units.
3. All Existing Units, which qualify as Mega Units are also eligible for capital investment subsidy up to 20% of the capital investment incurred in the last 3 years before the date of notification of this policy.
4. 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.
5. An additional 10% investment subsidy on the capital investments shall be provided in case of units are owned by the Goan Diaspora.
6. Incentives shall be disbursed on a pro-rata basis based on the percentage of Employees of Goan origin or Goan Graduates:
7. In case of any expansions, the unit can avail 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 application.
8. The maximum rebate under this provision would be as follows:
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 expenditures incurred during the operation of the policy will be considered.
NOTE 3: Capital investments do not include investments made towards land and building, if any, by the applicant.
The applicant should be a New/Existing Unit.
The applicant should have their operations in Goa.
The applicant should be one of the following:
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)
The bank accounts of the unit and/or its partner(s)/director(s) should be linked to Aadhaar.
For a said office space, any IT company can avail of capital investment subsidy only if the unit has operated from the said office space for a period of more than one year.
The company/ firms should be registered in Goa.
The company/ firms' CEO / Head or the Majority Stakeholder(s) should be Goan Diaspora.
The company/ firm should hire minimum 15 employees and minimum 60% of those employees should be of Goan Origin.
The employees should be on the rolls of the company for a minimum period of one year.
NOTE: Units will be subject to evaluation at the end of Fiscal Year to verify eligibility for continuing to receive subsidy under this scheme.
✦ Required ◦ Optional
Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click "Register".
Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.
Step 3: On the Registration Page, fill in all the mandatory fields of the registration form. Create a Login Name and a strong Password. Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes. Fill in the Captcha Code, and click "Register/Signup".
Step 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".
Step 5: In the top ribbon, click on "Services", then click on "IT Services". Click on the name of the scheme. You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the mandatory documents.
Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.
NOTE: The applicant can apply for this scheme on a quarterly/bi-annually/annual basis after incurring the relevant expenditure.
Disbursement Timeline