Gomant Vibhushan Award 2026

Launched in 2018, the Capital Investment Subsidy Scheme by Goa's IT Department provides financial support to eligible Read More... IT businesses in the state to encourage investment and growth. Read less

Details

Looking to set up or expand your IT business in Goa? The state government has a scheme designed just for you! The Capital Investment Subsidy Scheme, introduced in 2018, is part of Goa's progressive Information Technology Policy.

What Is This Scheme?

This scheme aims to give a financial boost, known as a Capital Investment Subsidy, to Information Technology (IT) units operating within Goa. It's a way for the government to encourage new IT businesses to start and existing ones to grow in the state, making Goa a hub for IT investment.

Who Can Benefit From This Scheme?

Both new IT companies starting operations in Goa and existing IT businesses looking to expand can apply. The scheme is open to various types of business structures, as long as they meet the eligibility criteria.

Why This Scheme Is Important

By offering subsidies on capital investments, the scheme helps reduce the financial burden on IT companies. This encourages them to invest more in infrastructure and operations, leading to job creation and economic development in Goa. It aligns with the state's vision of becoming a preferred destination for IT businesses.

Objective

Launched in 2018, the Capital Investment Subsidy Scheme by Goa's IT Department provides financial support to eligible IT businesses in the state to encourage investment and growth.

Benefits

A Memento, citation and financial purse to the extent of₹ 5,00,000/-.

Sources and references

Citizen's Charter

Eligibility Criteria

Your IT unit must be currently operating in Goa.
You must be one of the following types of legal entities:
- Proprietorship Firm
- Private Limited Company registered under the Companies Act, 2013 (or similar law)
- Public Limited Company registered under the Companies Act, 2013 (or similar law)
- Registered Partnership Firm under the Indian Partnership Act, 1932 (or similar law)
- Limited Liability Partnership registered under the Limited Liability Partnership Act, 2008 (or similar law)
The bank accounts of your unit and its partners or directors must be linked to Aadhaar.
To claim subsidy for an office space, your unit must have been operating from that specific space for more than two years.

How To Apply

The application process for the Capital Investment Subsidy Scheme is managed through the Goa Online portal:

Register: If you haven't already, register yourself on the Goa Online portal.
Verify Details: Complete any necessary verification steps for your account.
Login: Log in to your Goa Online account.
Select Service: Navigate to the IT Services section.
Choose Scheme: Select the Capital Investment Subsidy Scheme.
Fill Application: Complete the online application form accurately.
Upload Documents: Upload all the required supporting documents.
Submit: Submit your application.

Important Note on Timelines: While the exact dates are dynamic, applications are typically processed with specific timelines for scrutiny, approval, and disbursement. You can apply quarterly, bi-annually, or annually after incurring the relevant expenditure.

Documents Required

Copy of your unit's Incorporation Certificate.
Registration document or certificate for new units.
Copies of your PAN card, Aadhaar card, and GST TIN.
Memorandum and Articles of Association (for companies).
Proof of commencement of operations, such as the first bill generated or a similar document.
Occupancy certificate for the office space from the developer or local authority.
A 3-year business plan or Detailed Project Report (DPR) outlining projected investments and employment targets. This plan is used for evaluating subsequent subsidy installments.
Details of your employees, including the percentage of Goan origin employees.
Proof of employment for employees who have been on the rolls for over 12 months (e.g., PF contribution records, salary slips).
Contractor agreements, purchase orders, and other documents proving capital investments made.
Receipts or other proofs of payment for all listed investments.
A certified copy from an auditor or Chartered Accountant confirming the investments made.
Udyog Aadhaar for your applicant unit.

FAQ’s

What is the main goal of the Capital Investment Subsidy Scheme introduced by the Goa government's IT Department?

The primary goal is to offer financial aid, specifically a Capital Investment Subsidy, to IT businesses in Goa. This is to encourage them to invest and expand their operations within the state.

Can a company registered as a Limited Liability Partnership (LLP) apply for this scheme?

Yes, LLPs registered under the Limited Liability Partnership Act, 2008, are eligible to apply, provided their bank accounts are linked to Aadhaar.

How long must a business operate from a specific office to be eligible for the capital investment subsidy?

To qualify for the capital investment subsidy for a particular office space, the business must have been operational from that location for more than two years.

Are businesses already receiving similar financial help from other Goa government schemes eligible for this subsidy?

No, businesses that are already receiving similar financial incentives under any other government policy are not eligible for this specific scheme.

How does the scheme define 'capital investments,' and does it include money spent on land and buildings?

Capital investments for this scheme do not include the money spent on acquiring land and constructing buildings. Investments in other eligible areas qualify for the subsidy.

What percentage of subsidy can new IT units expect if they are developing office spaces?

New IT units that are developing office spaces are eligible to receive a capital investment subsidy of up to 20% on their eligible capital expenditures.

What special additional subsidy is available for Mega Business Units?

Mega Business Units are eligible for an additional 10% subsidy on the capital investments they make during the scheme's tenure.

How is the subsidy percentage determined based on local employees?

The subsidy is disbursed on a pro-rata basis depending on the number of employees from Goa or Goan graduates. If up to 30% of employees are local, you get 50% of the subsidy; if 30% to 60% are local, you get 75%; and if more than 60% are local, you receive 100%.

What is the minimum employment period for staff to be considered for the local employee incentive?

To be counted towards the local employee percentage for incentives, employees must have been on the company's payroll for a minimum of one year.

What are the maximum subsidy amounts for different business sizes?

The maximum subsidy amounts are: ₹10,00,000 for Smaller Business Units, ₹50,00,000 for Other Business Units, and ₹1,00,00,000 for Mega Business Units.

Are the benefits under this scheme guaranteed, or do they depend on government funding?

Yes, the benefits are contingent upon budgetary allocations. If the allocated budget is exceeded, the government is not obligated to provide further benefits, and no Promissory Estoppel will apply.

Could you briefly explain the application steps for this subsidy scheme?

The process involves registering on the Goa Online portal, logging in, selecting the scheme under IT Services, filling out the application form, uploading necessary documents, and finally submitting the application.

What is the typical timeline for getting the subsidy after applying?

Generally, after your application is received, it's scrutinized within 30 days. The Empowered Committee usually approves it within 60 days, and disbursement is expected around 90 days from the application receipt.

How is the subsidy paid out to eligible companies?

The subsidy (rebate) is usually reimbursed in three installments. These payments are made after the company begins its Commercial Operations Date or from the policy notification date, whichever is later.

What checks are performed before a company receives subsequent installments of the subsidy?

At the end of each installment period, the unit's eligibility is evaluated against the scheme's criteria to ensure it qualifies for the next payment.

Can a business apply for the subsidy multiple times after incurring expenses?

Yes, an applicant can apply for the subsidy on a quarterly, bi-annual, or annual basis after they have incurred the relevant expenditures.