Interest Subsidy Scheme for Smaller Business Units (Goa IT Policy Schemes)
"Interest 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 Interest 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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Interest subsidy on working capital loan.
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Maximum subsidy of INR 5 lakh per annum.
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Subsidy available for maximum 3 years.
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Can be claimed once every fiscal year.
Eligibility
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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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Incentive can be claimed once per fiscal year for up to 3 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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Smaller Business Units must operate in Goa.
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 loan agreement with loan amount and interest details
Proof of interest payment (receipts, bank statements, or demand drafts)
Copy of Incorporation certificate and unit registration certificate
How to Apply?
Log in to the UDP Goa website.
Select Interest Subsidy Scheme for Smaller Business Units from the list of schemes.
Click on the Apply button.
You will be automatically redirected to the Goa Online Portal to submit your application.