Capital Investment Subsidy Scheme for Goan Diaspora (Goa IT Policy Schemes)
Capital Investment Subsidy Scheme for Goan Diaspora" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. All New Units developing office spaces will be eligible for a capital investment subsidy up to 20% on the capital investments made during the tenure of the Scheme. 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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Base subsidy: Up to 20% capital investment subsidy for new units and existing Mega Units.
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Additional 10% subsidy for Mega Business Units.
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Additional 10% subsidy for key focus industries.
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Additional 10% subsidy if the unit is owned by Goan Diaspora.
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Incentive disbursement based on Goan employees: 50% (up to 30%), 75% (30–60%), 100% (above 60%).
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Employees must be on company rolls for at least 1 year.
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Maximum rebate cap: ₹10 lakh (Smaller Units), ₹50 lakh (Other Units), ₹1 crore (Mega Units).
Eligibility
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Units must operate in Goa (new or existing).
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Eligible entities: Proprietorship, Private Ltd., Public Ltd., Partnership, or LLP.
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Unit and partners/directors’ bank accounts must be linked with Aadhaar.
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Udyog Aadhaar is required to claim benefits
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Unit must be registered in Goa and led by a Goan diaspora CEO/majority stakeholder.
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Must employ at least 15 employees with minimum 60% of Goan origin.
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Capital subsidy is available only if the unit operates from the office space for more than 1 year.
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Units receiving similar incentives under other Goa Government policies are not eligible.
Required Documentation
Copies of PAN, Aadhaar and GST documents
Copy of Memorandum and Articles of Association (MOA & AOA)
Copy of first bill or document showing commencement of operations
Copy of occupancy certificate for the office space
Copy of 3-year business plan / Detailed Project Report (DPR)
Details of employees and percentage of Goan employees
Copy of Incorporation certificate and unit registration certificate
Copies of contractor agreements or purchase orders for capital investment
Copies of payment receipts or proof of expenses
CA/Auditor certificate verifying the investments made
How to Apply?
Log in to the UDP Goa website.
Select Capital Investment Subsidy Scheme for Goan Diaspora from the list of schemes.
Click on the Apply button.
You will be automatically redirected to the Goa Online Portal to submit your application.