Launched in 2018 under the IT Policy of Goa, the Capital Investment Subsidy Scheme for Goan Diaspora aims to encourage investments in the IT sector by offering financial incentives to new and existing business units. The scheme provides a capital subsidy to eligible units for developing office spaces and incentivizes hiring of Goan-origin employees, with added benefits for Goan Diaspora-owned units.
Scheme Key Highlights (Short Summary)
• Up to 20% capital investment subsidy during the scheme period
• Additional 10% for Mega Units and Goan Diaspora-owned companies
• 10% extra for focus sectors and qualifying office space development
• Subsidy eligibility based on % of Goan-origin employees on company rolls
• Expansion units also eligible if new hires are retained for over 1 year
• Rebate limits: ₹10L (Small Units), ₹50L (Other Units), ₹1Cr (Mega Units)
• Subject to budget allocation; only operational-period expenses count
• Land/building costs excluded from capital investment calculation
Benefits
• Capital investment subsidy up to 20%
• Extra 10% for Mega Units, Goan Diaspora units, and focus sectors
• Retroactive eligibility for Mega Units (3 years prior to policy notification)
• Goan-origin hiring incentive:
-
Up to 30% Goan employees: 50% of eligible subsidy
-
30%-60% Goan employees: 75%
-
Over 60% Goan employees: 100%
• Expansion units eligible for subsidy if new employees retained for 1 year
• Maximum subsidy: ₹10L (Small), ₹50L (Others), ₹1Cr (Mega)
Eligibility Criteria
• New/Existing units operating in Goa
• Registered as: Proprietorship, Pvt Ltd, Public Ltd, Partnership, LLP
• Aadhaar-linked bank accounts of company and owners
• Operated from said office space for over 1 year
• Company must be registered in Goa
• CEO/Head or majority stakeholder(s) must be from Goan Diaspora
• Minimum 15 employees with at least 60% Goan-origin workforce
• Employees must be on company rolls for minimum 1 year
• Annual evaluation of eligibility for continued benefits
Exclusions
• Units availing similar incentives under any other Goa Govt. policy
Application Process
Online
• Visit Goa Online Portal and click “Register”
• Verify email and mobile using OTP, fill registration form
• Login using credentials and Captcha
• Click on “Services” > “IT Services” > Scheme Name
• Fill form, upload documents, and submit
• Note the registration number generated after submission
• Applications can be filed quarterly, bi-annually, or annually post-expenditure
Disbursement Timeline
• Application Receipt: D
• Scrutiny: D+30 days
• Committee Approval: D+60 days
• Sanction/Disbursement: D+90 days
Documents Required
• Certificate of Incorporation
• Registration certificate of new unit
• PAN, Aadhaar, GST TIN copies
• Memorandum & Articles of Association
• First invoice showing operation start date
• Occupancy certificate from local authority/developer
• 3-year business plan or DPR with investment and employment forecast
• Employee list with % Goan-origin employees
• Contractor agreements, POs, receipts for investments
• Proof of payments for capital expenditures
• CA-certified investment certificate
• Udyog Aadhaar
Frequently Asked Questions (FAQs)
Q: What are the prerequisites for availing the capital investment subsidy under the scheme?
A company must operate in Goa, be owned by Goan Diaspora, and employ at least 60% Goan-origin employees.
Q: How long should a unit operate from a specific office space to be eligible?
At least 1 year.
Q: Is there a specific geographic requirement for registration?
Yes, the unit must be registered in Goa.
Q: What determines the CEO/major stakeholder’s eligibility?
They must belong to the Goan Diaspora.
Q: How is the workforce composition considered for subsidy?
Based on percentage of Goan-origin employees on rolls.
Q: What is the required tenure of employees to be eligible?
Minimum 1 year on company rolls.
Q: How often are units evaluated for eligibility?
Annually, at the end of each fiscal year.
Q: What are the components of the capital investment subsidy?
Basic subsidy (20%), and additional 10% for Mega Units, Diaspora ownership, or focus sectors.
Q: How are incentives disbursed based on Goan-origin employees?
50% subsidy (up to 30% Goan employees), 75% (30–60%), 100% (above 60%).
Q: What’s the maximum rebate for business units under expansion?
₹10L for Small Units, ₹50L for Others, ₹1Cr for Mega Units.
Q: Where can I find the scheme guidelines?
On the official Goa Online portal.
Q: Where can I find the Gazette Notification?
Available via the Department of IT or Goa Gazette section.