Maternity Benefit Scheme (APB&OCWWB) 2026

This scheme by the Goa government offers a one-time grant to educational institutes affiliated with a recognized Read More... public university to establish incubation centers on their campuses. Read less

Details

Are you an educational institute in Goa looking to foster innovation and entrepreneurship? The 'Grant for Incubation Centers within Educational Institutes Scheme' is here to help you set up a dedicated space for startups.

What Is This Scheme?

This initiative is rolled out by the Department of Information Technology, Electronics and Communications, Government of Goa. Its main goal is to provide financial support to educational institutes in Goa to create incubation centers within their premises. These centers will act as nurturing grounds for new ventures and startups.

Who Can Benefit From This Scheme?

The scheme is specifically designed for educational institutes located in Goa that are affiliated with any recognized public university. Whether you're looking to build a brand-new incubator or expand an existing one, this scheme is for you.

Why This Scheme Is Important

By supporting the creation of incubation centers, this scheme aims to boost the startup ecosystem in Goa. It encourages educational institutes to play a more active role in nurturing innovation, providing essential resources and facilities to aspiring entrepreneurs. This helps in creating a more dynamic and self-reliant economy.

Objective

This scheme by the Goa government offers a one-time grant to educational institutes affiliated with a recognized public university to establish incubation centers on their campuses.

Benefits

Cash assistance of ₹1,000/- during the period of maternity

Payable for up to two adult daughters of registered workers.

Sources and references

Official Website

Eligibility Criteria

Only educational institutes located in Goa.
The institute must be affiliated with a recognized public university.
To receive the one-time grant for setting up a new incubator, applications must be submitted within the first 3 years of the policy period.

How To Apply

Submit the application form along with the required documents.
Educational institutes need to submit their applications to the Start-up Promotion Cell (SPC).
The SPC will review the applications and make a decision within 45 days.
Approved grant amounts will be disbursed within 60 days from the date of approval.

For detailed application forms and submission procedures, please refer to Annexure 1 mentioned in the scheme guidelines.

Documents Required

A copy of the proposed expenses plan.
All forms and documents as specified in Annexure 1 for Educational Institutes.

Important Note: The bank account of the Principal/Director of the institute must be linked to their Aadhaar number.

FAQ’s

Can institutes with existing incubation facilities apply for this scheme?

Yes, institutes that already have incubation facilities can apply. They can receive grants for expanding their existing facilities and also get up to ₹3 lakh annually for three years towards operational expenses.

What is the main goal of this scheme?

The scheme aims to financially support educational institutes in Goa to set up or expand incubation centers on their campuses, thereby fostering a strong startup culture.

What is the maximum grant amount for capital expenses?

Educational institutes can receive a one-time grant of up to ₹10,00,000 for capital expenses related to setting up an incubator.

How many institutes can receive this grant in a year?

A maximum of 15 institutes are eligible to receive this grant in a single year.

Are there any restrictions on who can use the incubation facilities?

Yes, institutes cannot limit the use of incubation facilities solely to their own students. It should be accessible more broadly.

What is the duration and amount of grant for operational expenses for existing incubators?

Institutes with existing incubation facilities can receive up to ₹3,00,000 per year for a period of three years towards operational expenses.

How is preference given to applicants?

Preference will be given to applicants who are considered well-performing.

Is it guaranteed that every eligible institute will receive the grant?

No, the benefits under this scheme are not guaranteed. The Start-up Promotion Cell (SPC) has the complete authority to decide whether to accept or reject applications.

What specific accounting standard guides the calculation of capital expenses?

Eligible expenses for capital costs are determined by following Accounting Standard 102 for Fixed Assets, as issued by the Institute of Cost Accountants of India.

What is the deadline for applying for the one-time grant?

Educational institutes must apply within the first 3 years of the policy period to be considered for the one-time grant for setting up a new incubator.

Is linking the Principal/Director's bank account to Aadhaar necessary?

Yes, it is a mandatory requirement that the bank account of the institute's Principal or Director must be linked to their Aadhaar card.

When can institutes expect to receive the grant after their application is approved?

Once an application is approved, the sanctioned grant amount is typically disbursed within 60 days from the date of approval.