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.
About This Scheme
Benefits
₹5.0 L · annual
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.
Eligibility
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Required Documents
- ✦Copy of Incorporation Certificate
- ✦Copy of new unit registration document/certificate
- ✦Copies of PAN, Aadhaar and GST TIN
- ✦Memorandum and Articles of Association
- ✦Copy of first bill generated showing the date of commencement of operations or other relevant document
- ✦Copy of original loan agreement showing terms of the said loan, principal amount, rate of interest and other relevant details
- ✦Copies of receipts/bank statements/demand drafts or other supporting document as proof of payment of interest for said period
- ✦Udyog Aadhaar.
✦ Required ◦ Optional
How to Apply
Incentive Application Receipt: D Application scrutiny as per checklist: D+30days Application approval by the Empowered Committee: D+60 days Issue of Regret Letter/Sanction Orders and Disbursement: D+90 days
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L