Central GovernmentVerified

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.

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About This 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. The scheme has been framed as a part of Goa's IT Policy that envisages Goa as an aspirational geographical and human resource base for IT Units and a preferred destination for their investment and expansion.

Benefits

₹50.0 L

Smaller Business Units: ₹ 50,00,000

₹1.0 Cr

Other Business Units: ₹ 1,00,00,000

₹2.0 Cr

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.

1. The Units would be provided with the following special incentive allowance once at the end of every three year period:

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 the first bill generated showing the date of commencement of operations or other relevant document.
  • Details of employees, including the percentage of employees of Goan origin and the number of female employees.
  • Income Tax Returns of the Unit for all years covered in the period claimed in this application showing net income and annual growth rate.
  • Certified copy from the auditor verifying the reported income for the period claimed in this application.
  • Copies of employee certifications clearly showing the name of the employee, name of the issuing authority, type of certification, date obtained, and validity period if any.
  • Copies of quality certification(s) completed by the unit clearly showing the name of the unit, name of the issuing authority, name/level of certification, date obtained, and validity period if any.
  • Udyog Aadhaar.

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level
Central Government
Max benefit
₹2.0 Cr