The Capital Investment Subsidy Scheme, launched in 2018 by the Department of Information Technology, Government of Goa, is part of Goa’s IT Policy to attract and support investments in the Information Technology sector. It provides financial support to New and Existing IT Units operating in Goa for capital investments in office infrastructure (excluding land and building). The scheme aims to strengthen Goa’s appeal as a favorable investment destination for IT enterprises.
Scheme Key Highlights (Short Summary)
• Launched in: 2018
• Implemented by: Department of IT, Government of Goa
• Purpose: Support office infrastructure investments for IT companies
• Focus: Capital subsidies to boost IT infrastructure and job creation in Goa
• Applicable to: New, Existing, and Expanding IT Units
• Application Mode: Online via Goa Online Portal
• Disbursement: Quarterly, Half-Yearly, or Annually
Benefits
• 20% subsidy on capital investments for New Units developing office spaces (excluding land/building costs)
• Additional 10% for Mega Business Units
• Existing Mega Units eligible for 20% on past 3 years’ investments
• Additional 10% subsidy for investments in government’s key focus sectors
• Pro-rata disbursement based on Goan employment:
• Up to 30% Goan employees: 50% of subsidy
• 30%–60% Goan employees: 75%
• >60% Goan employees: 100%
• Maximum rebate limits:
• Smaller Business Units: ₹10,00,000
• Other Business Units: ₹50,00,000
• Mega Business Units: ₹1,00,00,000
• Expanding units are also eligible if new employees have worked 12 months before application
Note: All benefits are subject to budgetary allocation; no legal claim if funds are exhausted.
Eligibility
• New and Existing IT Units must operate in Goa
• Legal Entities:
• Proprietorship
• Private Limited Company
• Public Limited Company
• Registered Partnership
• LLP under LLP Act, 2008
• Directors/Partners must have Aadhaar-linked bank accounts
• Unit must operate from the said office space for at least two years to avail subsidy
• Units cannot avail similar financial incentives under other Goa government policies
Application Process
Online
• Step 1: Visit Goa Online Portal → Click “Register”
• Step 2: Verify Email ID & Mobile Number with OTP
• Step 3: Fill registration form → Create Login Name & Password → Click “Register”
• Step 4: Login → Go to “Services” > “IT Services” > Select “Capital Investment Subsidy Scheme”
• Step 5: Fill application form → Upload documents → Submit application
• Step 6: Note registration number for tracking
Frequency: Can apply quarterly/bi-annually/annually after incurring expenses
Disbursement Timeline
• D (Application Receipt)
• D+30 days: Application Scrutiny
• D+60 days: Empowered Committee Approval
• D+90 days: Issuance of Regret/Sanction Order & Disbursement
Documents Required
• Incorporation Certificate
• Unit registration certificate
• PAN, Aadhaar, GST-TIN copies
• MOA & AOA
• First bill or proof of business commencement
• Occupancy certificate of office space
• 3-year Business Plan / DPR with investment & employment targets
• Employee details + % of Goan origin employees
• Proof of 12-month employment (e.g., PF slips, salary slips)
• Capital investment supporting documents: contractor agreements, purchase orders
• Payment proofs: receipts, invoices
• Chartered Accountant-certified investment statement
• Udyog Aadhaar Certificate
Frequently Asked Questions (FAQs)
Q: What is the primary objective of the scheme?
A: To support IT units in Goa by providing capital investment subsidies for office infrastructure development.
Q: Can LLPs apply?
A: Yes, LLPs under the LLP Act, 2008 are eligible.
Q: What is the minimum operation duration required for availing subsidy?
A: The unit must operate from the same office space for at least 2 years.
Q: Are units availing similar incentives under other policies eligible?
A: No, such units are excluded.
Q: Is land and building cost included in capital investment?
A: No, land and building costs are excluded.
Q: What is the base subsidy rate for new units?
A: 20% of capital investments.
Q: What additional subsidy is offered to Mega Units?
A: An extra 10% on capital investment.
Q: How is subsidy disbursed based on Goan employees?
A: On a pro-rata basis—50%, 75%, or 100% based on Goan employment %.
Q: What’s the minimum employment duration to qualify?
A: Employees must be on the rolls for at least 1 year.
Q: What are the maximum subsidy limits?
A: ₹10L for Smaller Units, ₹50L for Other Units, ₹1Cr for Mega Units.
Q: Are benefits guaranteed?
A: No, they’re subject to budgetary allocation and availability.
Q: What is the full application process?
A: Register → Login → Fill form → Upload docs → Submit online.
Q: What’s the disbursement timeline?
A: Sanction/disbursement within 90 days of application receipt.
Q: How are subsequent tranches evaluated?
A: Based on business plan milestones, Goan employment, and audit verification.
Q: How often can units apply?
A: After each qualifying expense cycle—quarterly, bi-annually, or annually.
Sources and References
• Guidelines
• Contact Us
• User Manual for Business Entity
• Track Application Status