Skill Development Promotion Scheme

1. The retail educational institutes that impart programming and technical skills will be encouraged to establish learning centres in Goa. Institutes listed by the start-up promotion cell and providing courses at pre-fixed rates will be provided following benefits:

₹5.0 L · annual

a) Internet subsidy (up to ₹ 5,00,000 per year) for two years

₹1.0 L · annual

b) Power subsidy (up to ₹ 1,00,000 per year) for two years

₹5.0 L

c) 25% capital investments reimbursement up to ₹ 5,00,000 (on all capital procurement for a period of two years)

₹3.0 L

d) 10% salary cost subsidy up to ₹ 3,00,000 for a period of two years

₹10.0 L · annual

2. The maximum benefits aggregating all the benefits in this scheme should not exceed ₹ 10,00,000 per year.

3. The benefits of this scheme can only be availed by up to 10 institutes per year offering courses under the technical areas/ sectors outlined in Annexure 2.

4. Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.

5. The eligibility and disbursement of incentives shall be reviewed at the end of each year based on the performance of the institute.

6. The applicant can take the benefit of this scheme only one time in the whole of the policy period for a period of two consecutive years.

6. The applicant can avail of the benefits of this scheme quarterly/bi-annually/ annually.

7. Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval.

> Definitions

For the purpose of this scheme,

‘capital procurement’ shall mean money spent on the purchase of capital goods such as computer hardware, networking devices, and ICT for the institute.

‘retail educational institute’ shall mean a learning centre located in Goa listed by the SPC as such for the purpose of Goa Start-up Policy 2017.