Sarkari Yojana
Capital Investment Subsidy Scheme
About Capital Investment Subsidy Scheme
The “Capital Investment Subsidy Scheme” was rolled out in 2018 as one of the “Information Technology Policy Schemes” of the Department of Information Technology, Government of Goa. It is meant to give a Capital Investment Subsidy to qualifying Information Technology Units located in the State of Goa, and both New and Existing Units operating in Goa can take part. It was drawn up under Goa’s IT Policy, whose vision is to position Goa as an aspirational geographical and human resource base for IT Units and a favoured destination for their investment and growth.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Capital Investment Subsidy Scheme, applicants must satisfy the following conditions:
Every New and Existing Unit has to be…
Every New and Existing Unit has to be operating within Goa.
The applicant should be any one of the…
The applicant should be any one of the following -
A Proprietorship Firm
A Private Limited Company set up under the Companies Act, 2013 (or equivalent)
A Public Limited Company set up under the Companies Act, 2013 (or equivalent)
A Registered Partnership Firm set up under the Indian Partnership Act, 1932 (or equivalent)
A Limited Liability Partnership set up under the Limited Liability Partnership Act, 2008 (or equivalent).
Aadhaar linkage is required for the bank accounts…
Aadhaar linkage is required for the bank accounts of the unit and/or its partner(s)/director(s).
The subsidy for a particular office space is…
The subsidy for a particular office space is available only where the unit has worked out of that office space for more than two years.
Benefits Provided
Capital Investment Subsidy Scheme provides the following benefits to eligible applicants:
Any money the applicant puts into land and…
Any money the applicant puts into land and building is not counted as capital investment.
New Units that develop office spaces can get…
New Units that develop office spaces can get a capital investment subsidy of up to 20% on capital investments made while the Scheme is in force.
Setting up Mega Business Units earns a further…
Setting up Mega Business Units earns a further 10% subsidy on the capital investments made.
Existing Units that qualify as Mega Units may…
Existing Units that qualify as Mega Units may also claim a capital investment subsidy of up to 20% on capital investment made during the last 3 years before this policy was notified.
Office spaces set up for industries that the…
Office spaces set up for industries that the Government has marked as key focus areas receive a further 10% subsidy on capital investments.
The incentive percentages under clauses 2.2, 2.3, 2.4,…
The incentive percentages under clauses 2.2, 2.3, 2.4, and 2.5 above are paid out pro-rata according to how many employees are of Goan origin or Goan Graduates:
Up to 30% of employees on the company's rolls: 50%
30% to 60% of employees on the company's rolls: 75%
Above 60% of employees on the company's rolls: 100%
*Employees must have been on the company's rolls for at least one year for the benefits to apply.
For expansions, the investment subsidy can be claimed…
For expansions, the investment subsidy can be claimed if the unit satisfies the Expansion Unit criteria, and the new employees hired for the expansion must have been on the rolls for at least one year before the application date.
The highest rebate allowed under this provision is
The highest rebate allowed under this provision is:
Smaller Business Units – ₹10,00,000
Other Business Units – ₹50,00,000
Mega Business Units – ₹1,00,00,000
NOTE: Benefits depend on budgetary allocation, and no Promissory Estoppel applies if they are stopped once the allocation is exhausted.
Documents Required
Applicants should keep the following documents ready before starting the application:
A photocopy of the Certificate of Incorporation
A photocopy of the Certificate of Incorporation.
A photocopy of the new unit's registration document/certificate
A photocopy of the new unit's registration document/certificate.
Photocopies of the PAN, Aadhaar, and GST TIN
Photocopies of the PAN, Aadhaar, and GST TIN.
The company's Memorandum and Articles of Association
The company's Memorandum and Articles of Association.
A copy of the earliest bill issued that…
A copy of the earliest bill issued that shows when operations began, or another relevant document.
An occupancy certificate for the office space, issued…
An occupancy certificate for the office space, issued by the developer/local authority.
A 3 year business plan / detailed project…
A 3 year business plan / detailed project report (DPR) setting out projected investment and employment targets; this plan will be used when evaluating release of later subsidy installments.
Employee particulars along with the share of employees…
Employee particulars along with the share of employees who are of Goan origin.
Evidence that employees have been on the rolls…
Evidence that employees have been on the rolls for more than 12 months (PF contribution copy, salary slip or another relevant document).
Contractor agreements, purchase orders, and other papers supporting…
Contractor agreements, purchase orders, and other papers supporting the capital investment.
Receipts or other payment proof for the above…
Receipts or other payment proof for the above items.
A certified statement from the auditor or Chartered…
A certified statement from the auditor or Chartered Accountant confirming the investments made.
The applicant unit's Udyog Aadhaar
The applicant unit's Udyog Aadhaar.
How to Apply
Online Application
Applicants can apply for Capital Investment Subsidy Scheme through the online application process outlined below.
Go to the Goa Online Official Web Portal…
Go to the Goa Online Official Web Portal and press "Register" at the upper right of the page.
Validate your Email ID and Mobile Number with…
Validate your Email ID and Mobile Number with the OTP sent to you; the Registration Page then loads.
Enter all the required details in the registration…
Enter all the required details in the registration form, set up a Login Name and a secure Password, read the Declaration and the Terms & Conditions before ticking the checkboxes, key in the Captcha Code, and choose "Register/Signup".
Log in using the Login Name and Password,…
Log in using the Login Name and Password, enter the Captcha Code, and select "Login".
Choose "Services" in the top ribbon and then…
Choose "Services" in the top ribbon and then "IT Services". Clicking the scheme's name opens its application form, where every mandatory field must be filled and each mandatory document uploaded.
Submit the form and write down the unique…
Submit the form and write down the unique registration number that is generated for future use.
NOTE: Once the relevant expenditure is incurred, applications can be made on a quarterly/bi-annually/annual basis.
Disbursement Timeline
Incentive application received: D
Checklist-based scrutiny of the application: D+30days
Empowered Committee approves the application: D+60 days
Issue of Regret Letter/Sanction Orders and Disbursement: D+90 days
Exclusions / Who Is Not Eligible
The Units availing similar financial incentives under any other policy of the Government of Goa are not eligible for availing benefits under this scheme.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.