Launched in 2018, the Performance Linked Grant Scheme for Smaller Business Units is part of the Information Technology Policy Schemes by the Department of Information Technology, Government of Goa. The scheme offers a performance-based grant to eligible IT units operating in the state. A grant of 5% of the reported net income (capped at ₹25,00,000) is provided to support growth. It is aligned with the vision of making Goa an aspirational hub for IT businesses and a preferred investment destination.
Scheme Key Highlights (Short Summary)
• Launched by: Department of Information Technology, Goa
• Launch Year: 2018
• Grant Amount: 5% of reported net income
• Maximum Cap: ₹25,00,000 per applicant
• Mode of Application: Online
• Disbursement: Within 90 days of application
• Applicability: Smaller Business Units operating in Goa
• Growth Requirement: 15% YoY turnover growth for 3 consecutive years
Benefits
• Performance grant of 5% of reported net income, up to ₹25,00,000
• Flexible claim cycles: quarterly, bi-annual, or annual
• Subject to availability of budget allocation
Note: Benefits are not guaranteed if budget allocation is exceeded. No Promissory Estoppel is applicable.
Eligibility
• Applicant must be a Smaller Business Unit
• Must have active operations in Goa
• Legal entities allowed:
• Proprietorship Firm
• Private Limited Company
• Public Limited Company
• Registered Partnership Firm
• Limited Liability Partnership (LLP)
• Aadhaar linkage required for unit and partners/directors
• Must show 15% YoY turnover growth in any 3 consecutive years
Exclusions
• Units already availing similar financial incentives under any other Goa government policy
Application Process
Online
• Step 1: Visit Goa Online Portal. Click on “Register” (top right corner)
• Step 2: Verify Email ID and Mobile Number using OTP
• Step 3: Fill in all mandatory registration details, create Login Name & Password, and submit
• Step 4: Login using your credentials
• Step 5: Click “Services” > “IT Services” > Select scheme
• Step 6: Fill the application form, upload required documents, and submit
• Step 7: Note the unique registration number generated after submission
Note: Application can be filed quarterly, bi-annually, or annually post expenditure.
Disbursement Timeline
• Application Receipt: Day 0 (D)
• Scrutiny Completed: D+30 days
• Approval by Committee: D+60 days
• Sanction Order/Regret Letter Issued: D+90 days
Documents Required
• Certificate of Incorporation
• New unit registration certificate
• PAN and Aadhaar copies
• Memorandum and Articles of Association
• First bill or other proof of operation commencement
• IT Returns for years claimed (highlighting net income and growth)
• CA/Auditor-certified income statement for the claim period
• Udyog Aadhaar
Frequently Asked Questions (FAQs)
Q: What is the procedure for calculating the reported net income for the purpose of determining the 5% performance grant, and how does it relate to the Income Tax Returns of the Unit?
A: The net income is derived from the audited financials and should align with figures submitted in the Income Tax Returns. Certification from a CA is also mandatory.
Q: Could you elaborate on the significance of the cap of ₹25,00,000 mentioned in relation to the performance grant of 5% of the reported net income?
A: Even if 5% of reported net income exceeds ₹25 lakh, the grant will be capped at ₹25,00,000 per eligible applicant.
Q: In the context of the y-o-y growth requirement, how should a situation where a company experiences a decline in turnover for one of the three consecutive years be addressed?
A: The company must show 15% YoY turnover growth for any three consecutive years. A year of decline disqualifies that sequence.
Q: Where Can I Find The Link To The Scheme Guidelines?
A: You can find it on the Goa Online Portal under IT Services or in the official guidelines section.
Q: Is There Any Compensation For The Delay In The Disbursal Of The Scheme Benefits?
A: No, there is no compensation for delays.
Q: Can Applicants From The Neighboring States Also Apply To This Scheme?
A: No, only units operating in Goa are eligible.
Q: What is the link to the Official Web Portal of Goa Online?
A: https://www.goaonline.gov.in
Q: What is the tentative timeline for the Issue of Regret Letter/Sanction Orders and Disbursement?
A: Within 90 days from the date of application receipt.
Q: What is the full form of GST – TIN?
A: GST-TIN stands for Goods and Services Tax – Taxpayer Identification Number.
Q: Are the benefits under this scheme guaranteed?
A: No, benefits are subject to budgetary allocation.
Q: Is it mandatory for the applicant units, both new and existing, to have their operations in Goa?
A: Yes, operating in Goa is mandatory.
Q: What are the objectives of the Information Technology Policy of Goa?
A: To make Goa a prime destination for IT investments and growth, leveraging local talent and infrastructure.
Sources and References
• Guidelines
• Contact Us
• User Manual For Business Entity
• Track Application Status