Capital Investment Subsidy Scheme
The Capital Investment Subsidy Scheme in Goa offers financial support to eligible IT units for capital investments.
Key facts
| Benefit | ₹10 lakh (one-time subsidy) |
|---|---|
| Who | New and existing units in Goa |
| How paid | Direct transfer to bank account |
| Implemented by | Department of Information Technology, Goa |
| Official portal | goaonline.gov.in |
| Application window | Open all year for eligible units in Goa |
Benefits
Beneficiaries can receive a one-time subsidy of up to ₹1,000,000 based on the size of their business and the number of employees of Goan origin. The subsidy is calculated as a percentage of the capital investment made, with additional incentives for Mega Business Units and key focus areas.
Who can apply
- For: employee
- Resident of Goa
- has savings bank account
- no government employee in family
Eligible applicants include new and existing IT units operating in Goa, such as proprietorships, private and public limited companies, registered partnerships, and limited liability partnerships. Applicants must have a savings bank account linked to Aadhaar and cannot have any government employees in their family. Units receiving similar financial incentives from other government policies are excluded from this scheme.
Who is not eligible
- Units availing similar financial incentives under other policies of Goa
How to apply
Applications can be submitted online through the official Goa Online portal.
- Visit the Official Web Portal of Goa Online and click 'Register'.
- Verify your Email ID and Mobile Number using OTP, then proceed to the Registration Page.
- Complete the registration form with all mandatory fields, create a Login Name and Password, and accept the Terms & Conditions.
- Log in using your credentials and navigate to 'Services', then 'IT Services', and select the scheme name.
- Fill in the application form and upload all required documents.
- Submit the application and note the unique registration number for future reference.
Documents required
- 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 first bill generated showing the date of commencement of operations or other relevant document
- Occupancy certificate from developer/local authority for said office space
- 3 year business plan / detailed project report (DPR) with projected investment and employment targets
- Details of employees and percentage of employees of Goan origin
- Proof of employment for the employees on the rolls for over 12 months
- Contractor agreements, purchase orders, and other supporting documents for capital investment made
- Receipts or other proof of payment for items listed above
- Certified copy from the auditor or Chartered Accountant certifying the investments made
- Udyog Aadhaar for the applicant unit
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application not processed | Ensure all mandatory documents are uploaded and the application is submitted correctly. |
| Incorrect registration details | Contact the support team through the official portal to rectify any errors in the registration. |
Frequently asked questions
Who is eligible to apply for the scheme?
New and existing IT units operating in Goa can apply, including various types of business entities like private limited companies and partnerships.
What documents are required for the application?
Applicants must provide documents such as the Incorporation Certificate, PAN, Aadhaar, GST TIN, business plan, and proof of employee details, among others.
Is there a limit on the subsidy amount?
Yes, the maximum subsidy amount is ₹1,000,000 for smaller business units, with higher limits for larger units based on their classification.
Can I apply if I have received other government subsidies?
No, units that are availing similar financial incentives under other government policies are not eligible for this scheme.
What is the timeline for application processing?
The application scrutiny takes about 30 days, followed by approval from the Empowered Committee within 60 days, and disbursement within 90 days.
How often can I apply for the subsidy?
Applicants can apply for the subsidy on a quarterly, bi-annual, or annual basis after incurring the relevant expenditure.
Key terms explained
- Aadhaar
- A 12-digit unique identity number issued by UIDAI. Most schemes use it to confirm identity and link your bank account for payments.
Always confirm the latest details on the official portal before applying.
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