Goa's Salary Reimbursement Scheme helps local startups by covering 50% of fresher salaries, with a monthly cap Read More... of ₹10,000 per hire. Read less
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Are you a startup in Goa looking to hire local talent and boost your growth? The Goa government has a scheme designed just for you! The Salary Reimbursement Scheme aims to empower startups by making it more affordable to bring on board fresh, local talent.
This scheme, launched by the Department of Information Technology, Electronics and Communications in Goa, offers financial incentives to startups. It's all about encouraging companies to hire residents from Goa, helping both the local economy and the startup ecosystem flourish.
The scheme is primarily for registered startups in Goa that are certified by the Start-up Promotion Cell (SPC). It provides benefits to startups that hire local employees, particularly freshers and IT professionals, and also rewards those with a significant local workforce.
By reimbursing a portion of salaries, the scheme directly reduces the financial burden on startups. This allows them to invest more in their operations, innovation, and expansion. It also encourages companies to create more job opportunities for Goan residents, contributing to local employment and skill development.
Objective
Benefits
Sources and references
What is the main goal of the Goa Start-up Policy 2017?
The primary objective is to establish Goa as a preferred destination for startups and foster a strong startup ecosystem within the state.
When will I get my reimbursement after my application is approved?
Once the Start-up Promotion Cell (SPC) approves your application, the approved amount will be disbursed within 60 days.
For how long can a startup claim salary reimbursement for hiring freshers?
A startup can claim salary reimbursement for a maximum of 25 fresh recruits each month for a period of up to 3 years.
Is there a limit to how many startups can get benefits each year, and how are they chosen?
Yes, benefits are available to 100 startups annually. These startups are selected by the SPC based on their own guidelines.
If my startup has 60% local employees, how much salary reimbursement can I get?
Startups with at least 60% local workforce can claim up to 25% of the local employees' salary. This has an annual cap of ₹25,00,000 and can be claimed for 3 years for up to 25 employees.
Does the Salary Reimbursement Scheme cover salaries for non-IT professional roles under the first benefit category?
No, the reimbursement under the first benefit category (50% of fresher salary) is strictly for IT professionals only.
What is the monthly reimbursement limit for each fresher hired by a startup?
For each fresher hired, the reimbursement is capped at ₹10,000 per month.
Are there any specific requirements for employee contracts to be eligible for this scheme?
Yes, employees must be hired for a minimum period of 12 months to meet the eligibility criteria.
What are the required Aadhaar linkages for startup directors and employees?
Both the bank accounts of the employees for whom salary is claimed and the bank accounts of the company's directors must be linked to Aadhaar.
How can I contact the Startup and IT Promotion Team for queries?
You can reach out to Saurabh Kanade, Francisco Miranda, or Vaibhav Patil. Their respective contact numbers are available for assistance.
What are the working hours for the Department of Information Technology in Goa?
The department is open from Monday to Friday, between 10:00 AM and 5:30 PM.
What kind of payments are accepted for expenses to be considered for reimbursement?
Only digital payments for expenses incurred after the policy's notification and within its validity period are considered. If digital payment is not feasible, the SPC will review and decide.
Who is eligible to apply for this Salary Reimbursement Scheme?
Any startup certified by the Start-up Promotion Cell (SPC) with a valid startup certificate number is eligible to apply.
How long does it take to get a decision on my application?
The SPC will notify you whether your application is approved or rejected within 45 days of receiving it.