The Capital Contribution Scheme, launched in 2008 by the Department of Industries, Government of Goa, aims to provide financial support to local entrepreneurs and promote industrial ventures utilizing locally developed technology. The scheme supports both existing functional units and new ventures to enhance innovation, research, and sustainable industrial development in Goa. It is implemented through the Directorate of Industries, Trade and Commerce (DITC).
Objectives
• Encourage and assist local entrepreneurs in expanding their businesses
• Promote the use of locally developed technology
• Support existing functional units in scaling operations
• Facilitate capital support for research-oriented and women-led enterprises
Benefits
• Maximum capital contribution of up to ₹1,00,00,000/- per unit
• Promoters must contribute equal to or more than the Government’s capital contribution
• Sick units are exempt from the promoter’s capital contribution condition
• The capital contribution will be for 5 years, as mentioned in the sanction order
• A guaranteed return of 6% per annum or actual profit, whichever is higher
• Funds are released within 60 days from the date of approval
Eligibility
• Units/clusters must be in operation for at least 3 years
• Only permanently registered units with the Directorate of Industries, Trade and Commerce are eligible
• Applicable to Partnership firms and Private Limited concerns
• Not applicable to units covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme, 2008 or any similar scheme active during this scheme
• Preference given to:
– Small-scale sector units
– Units involved in R&D
– Technically oriented units
– Units run by women entrepreneurs or clusters
Application Process
Offline
Step 1: Obtain the prescribed application format from the Directorate of Industries, Trade and Commerce (DITC).
Step 2: Fill in the form and attach the required documents (see below).
Step 3: Submit the completed application to DITC during office hours.
Step 4: The application will be scrutinized within 3 months, and a final decision will be conveyed within 4 months from receipt.
Documents Required
• Permanent Registration Certificate or valid proof of registration with DITC
• Audited Statement of Accounts for the last 3 financial years
• Project Report detailing expansion or new venture proposal
• Post-dated cheques for repayment (after approval)
• Collateral security equal to the capital sought (after approval)
Frequently Asked Questions (FAQs)
Q: What is the minimum operational period required for eligibility?
Clusters or units must have been operational for at least 3 years.
Q: Can partnership firms and private limited companies apply?
Yes, both are eligible unless covered under the Goa Sick Industrial Unit Revival and Rehabilitation Scheme.
Q: Is registration with DITC mandatory?
Yes, units must be permanently registered with the Directorate of Industries, Trade and Commerce.
Q: What is the maximum capital support available?
Up to ₹1 crore per unit.
Q: How long is the capital contribution period?
The contribution is given for a period of 5 years.
Q: Is there a return on the capital contribution?
Yes, 6% per annum or actual profit, whichever is higher.
Q: Are post-dated cheques and security required?
Yes, post-dated cheques and collateral security are required after sanction.
Q: Are sick units eligible?
Yes, but they are exempt from the promoter capital matching condition.
Q: How are applications processed?
Applications are scrutinized within 3 months, and decisions are communicated within 4 months.
Q: Is preference given to R&D or women-led units?
Yes, such units receive priority consideration under this scheme.