The “Salary Reimbursement Scheme” is an initiative by the Department of Information Technology, Electronics and Communications, Government of Goa. It aims to support startups in Goa by providing a reimbursement of up to 50% of salaries for freshers and a certain percentage of salaries for startups with a significant local workforce. This scheme promotes the hiring of local talent and incentivizes startups to scale up their operations in Goa.
Benefits
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For Startups Hiring Local Talent:
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50% reimbursement on the salary of a fresher, subject to a maximum of ₹10,000 per month per recruit.
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The reimbursement applies for up to 25 employees per startup per month, for 3 years.
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100 startups can avail of this benefit each year, selected by the Startup Promotion Cell (SPC).
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For Startups with 60% Local Workforce:
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Up to 25% reimbursement of the salary for the local workforce, subject to a cap of ₹25,00,000 per year, for 3 years.
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100 startups are eligible per year.
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Once the application is approved by SPC, the disbursement will be made within 60 days from the date of approval.
Eligibility
• Registered Startups: Must have a valid startup certificate from the Startup Promotion Cell (SPC).
• IT Professional Requirement: For reimbursement under the fresher salary claim, the employees must be IT professionals.
• Bank Account Link: Both employees and company directors’ bank accounts should be linked to Aadhaar.
• Expenditure: Only digital payments made after the Goa Startup Policy 2017 notification will be considered.
Application Process
Online
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Step 1: Visit the Goa Startup Mission official website.
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Step 2: Register with your email and mobile number through OTP verification.
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Step 3: Log in and navigate to the scheme application page.
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Step 4: Fill out the application form, upload all required documents, and submit.
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Step 5: Note the reference number for tracking the application status.
Evaluation Process
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The Startup Promotion Cell (SPC) verifies the application and performs due diligence on the expenses.
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After scrutiny, the SPC recommends reimbursement approval.
Documents Required
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Aadhaar card of Directors and relevant employees.
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HR Letter certifying employment contracts and work profiles.
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Employment contract of at least 12 months for technical work.
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Salary slips of the employees.
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Bank statements showing salary debits.
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Annexure 1 (if applicable).
Frequently Asked Questions (FAQs)
Q: What is the maximum reimbursement cap for the Salary Reimbursement Scheme for startups hiring local talent in Goa?
A: The maximum reimbursement cap is 50% of the fresher’s salary, subject to a maximum of ₹10,000 per month.
Q: How many employees can a startup claim the salary for under the Salary Reimbursement Scheme?
A: A startup can claim salary reimbursement for up to 25 employees per month, for a period of 3 years.
Q: Can startups claim reimbursement for the salary of employees other than IT professionals under this scheme?
A: No, only IT professionals are eligible for the salary reimbursement under this scheme.
Q: How many startups can avail of the benefits each year, and how are they selected?
A: 100 startups are selected by the Startup Promotion Cell (SPC) each year.
Q: When does the disbursement of the approved amount take place after SPC approval?
A: Disbursement is made within 60 days from the date of approval by SPC.
Q: What are the eligibility criteria for startups to apply for the Salary Reimbursement Scheme?
A: Startups must be certified by SPC, have Aadhaar-linked bank accounts for directors and employees, and be IT-focused.
Q: What is the timeline for notification of approval or rejection after submitting the application?
A: The approval or rejection notification will be issued within 45 days from the receipt of the application by the SPC.