Capital Investment Subsidy Scheme (Goa IT Policy Schemes)
"Capital Investment Subsidy Scheme" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. The objective and the scope of this scheme is to provide Capital Investment Subsidy to the eligible Information Technology Units in the State of Goa. All the New and Existing Units having their operations in Goa are eligible. 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
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Capital Subsidy: Up to 25% of eligible investment in plant, machinery, and IT equipment.
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Maximum Limit: Up to ₹25 lakh (Smaller Units), ₹1 crore (Other Units), and ₹2 crore (Mega Units).
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Disbursement: Subsidy is released in three instalments after commencement of operations and verification by the competent authority.
Eligibility
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Unit must operate in Goa.
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Eligible entities: Proprietorship, Private Limited Company, Public Limited Company, Partnership Firm, or LLP.
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Entities must be registered under the relevant Acts
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Bank accounts of the unit and partners/directors must be linked with Aadhaar.
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Udyog Aadhaar is required to claim benefits.
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Capital subsidy is allowed only if the unit operates from the office space for more than 2 years.
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Units receiving similar incentives under other Goa Government policies are not eligible.
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Scheme provisions are not binding assurances from the Government.
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Doctrine of promissory estoppel will not apply against the Government.
Required Documentation
Incorporation Certificate.
Unit registration certificate.
PAN, Aadhaar and GST documents.
Memorandum and Articles of Association (MOA & AOA).
First bill or document showing commencement of operations.
Occupancy certificate for the office space.
3-year business plan / Detailed Project Report (DPR).
Employee details including percentage of Goan origin.
Employment proof for employees (PF contribution or salary slip).
Contractor agreements and purchase orders for capital investment.
Payment receipts or proof of expenses.
Auditor / Chartered Accountant certificate confirming investments
How to Apply?
Log in to the UDP Goa website.
Select Capital Investment Subsidy Scheme (Goa IT Policy Schemes) from the list of schemes.
Click on the Apply button.
You will be automatically redirected to the Goa Online Portal to submit your application.