Sarkari Yojana
Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans
About Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans
The Department of Industries, Government of Goa, introduced the “Goa State Logistics and Warehousing Incentives Scheme” as a means of financially backing the expansion of the logistics and warehousing industry across the State. One of its parts, the “Subsidy Towards Annual Interest Rate Payable On Loans”, likewise supports this sector by refunding 50% of the yearly interest an eligible entity owes on loans raised to construct its projects. Implementation lies with the Directorate of Industries, Trade and Commerce (DITC), which also oversees that the component works effectively and that sanctions are issued within 90 days of the application date. Applications are submitted via the Goa online single-window system.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans, applicants must satisfy the following conditions:
This component is meant solely for non-mega industries
This component is meant solely for non-mega industries.
The applicant should own a business unit situated…
The applicant should own a business unit situated in Goa and deliver Logistics and Warehousing services within Goa.
Applicants have to be providers of Logistics and…
Applicants have to be providers of Logistics and Warehousing services.
A Permanent Account Number (PAN) is needed, and…
A Permanent Account Number (PAN) is needed, and Income Tax Returns should be filed regularly under the legal entity's name.
Operations must have continued without interruption for no…
Operations must have continued without interruption for no less than six months following notification of the Logistics and Warehousing Policy 2023.
The loan should have been availed after the…
The loan should have been availed after the Logistics and Warehousing Policy 2023 came into effect.
No equivalent benefit should have been drawn from…
No equivalent benefit should have been drawn from any other State or Central Government scheme/program.
Local workers should form at least 40% of…
Local workers should form at least 40% of staff, counting only those employed continuously through the claim year and on the unit's payroll for that year.
The loan must be a term loan and/or…
The loan must be a term loan and/or working capital loan used to run the business of the claiming unit.
Lenders must be a nationalized bank, scheduled private…
Lenders must be a nationalized bank, scheduled private bank, Co-operative Bank, Economic Development Corporation Limited (EDC Ltd.), or a Non-Banking Financial Institution recognized by the Reserve Bank of India.
For working out the subsidy, the loan amount…
For working out the subsidy, the loan amount taken into account is the total borrowed for building the project, covering land acquisition costs and every construction-related expense.
The loan should not fall under the Modified…
The loan should not fall under the Modified Interest Rebate Scheme 2012, and the interest should not be covered by the Chief Minister Rojgar Yojana Scheme or another employment generation scheme of the Government of India/Government of Goa. Preference and Quantum Criteria
Benefits are given on a first come first…
Benefits are given on a first come first serve basis, depending on the funds available in the relevant fiscal year.
The share of Goan employees on the payroll…
The share of Goan employees on the payroll decides how much benefit is paid:
Goan employment of 60% or above earns 100%…
Goan employment of 60% or above earns 100% of the benefits.
Goan employment of more than 40% but less…
Goan employment of more than 40% but less than 60% earns 80% of the benefits.
Goan employment of less than 40% makes the…
Goan employment of less than 40% makes the entity ineligible. Project Category and Minimum Land Area Requirements Projects have to belong to one of the eight categories below and meet the stated minimum land area: Logistics Park (Multi-modal/Integrated), Inland Container Depot (ICD), Container Freight Stations (CFS)
Minimum land area (standard)
Minimum land area (standard): 1 Acre
Minimum land area for Backward Talukas/SC/ST/Women
Minimum land area for Backward Talukas/SC/ST/Women: 1 Acre. Air Freight Stations (AFS)
Minimum land area (standard)
Minimum land area (standard): 1,000 square meters
Minimum land area for Backward Talukas/SC/ST/Women
Minimum land area for Backward Talukas/SC/ST/Women: 1,000 square meters. Warehouses, Truck Terminals
Minimum land area (standard)
Minimum land area (standard): 1,000 square meters
Minimum land area for Backward Talukas/SC/ST/Women
Minimum land area for Backward Talukas/SC/ST/Women: 500 square meters. Cold Chain Unit, Testing Facilities
Minimum land area (standard)
Minimum land area (standard): 200 square meters
Minimum land area for Backward Talukas/SC/ST/Women
Minimum land area for Backward Talukas/SC/ST/Women: 100 square meters.
Benefits Provided
Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans provides the following benefits to eligible applicants:
A subsidy on the annual interest payable on…
A subsidy on the annual interest payable on loans.
The entity gets back 50% of the yearly…
The entity gets back 50% of the yearly interest it owes on loans raised for project construction.
No project can receive more than ₹25,00,000/- (Indian…
No project can receive more than ₹25,00,000/- (Indian Rupees Twenty-five Lakhs) in a year. Period of Subsidy
Regular projects can claim for 03 consecutive years…
Regular projects can claim for 03 consecutive years counted from the date the loan was taken.
Projects built in Backward Talukas, OR owned by…
Projects built in Backward Talukas, OR owned by Women Entrepreneurs/Entrepreneurs from Schedule Caste/Schedule Tribe Communities, can claim for 05 consecutive years counted from the date the loan was taken. Subsidy Computation and Disbursal
For a claim covering a year or part…
For a claim covering a year or part of a year, the interest paid up to the close of the previous fiscal year is what gets counted.
The subsidy is worked out on the interest…
The subsidy is worked out on the interest actually incurred, using the interest rate in force for that particular financial transaction.
Penal interest, liquidated damages and similar charges paid…
Penal interest, liquidated damages and similar charges paid to financial institutions/banks are not reimbursed. Claim Submission
An Entity that misses its annual claim after…
An Entity that misses its annual claim after the first year can file the delayed claim the next year, so long as it is still within the overall eligibility period laid down in Table 7.1.
Interest that could not be claimed because it…
Interest that could not be claimed because it was unpaid at the time of filing can be claimed once it is paid in the following year. Loan Compliance
Where a term loan is in default (i.e.,…
Where a term loan is in default (i.e., not repaid according to the repayment schedule), the interest reimbursement is cut by the extent of the default.
Interest reimbursement is calculated on the originally sanctioned…
Interest reimbursement is calculated on the originally sanctioned loan limit only, not on a rescheduled loan.
An Entity borrowing from several financial institutions may…
An Entity borrowing from several financial institutions may claim on the combined interest paid on all those loans, as long as the total does not exceed the prescribed maximum.
Where more than one unit shares a consolidated…
Where more than one unit shares a consolidated balance sheet, the applicant must furnish a Chartered Accountant's certificate showing interest details for each unit, and only the eligible unit may claim.
Documents Required
Applicants should keep the following documents ready before starting the application:
Shareholding pattern details for paid-up capital, certified by…
Shareholding pattern details for paid-up capital, certified by a CA (only for Women Entrepreneurs).
Caste certificate, for Schedule Caste/Schedule Tribe Entrepreneurs
Caste certificate, for Schedule Caste/Schedule Tribe Entrepreneurs.
A self-attested Detailed Project Report
A self-attested Detailed Project Report.
Approved project cost bearing the certification of a…
Approved project cost bearing the certification of a Chartered Engineer (Civil).
Item-wise and cost-wise breakdown of planned civil works,…
Item-wise and cost-wise breakdown of planned civil works, certified by a Chartered Engineer (Civil).
Certificate of approved area issued by the Town…
Certificate of approved area issued by the Town & Country Planning Department.
An implementation schedule giving dates for land acquisition,…
An implementation schedule giving dates for land acquisition, start of construction, completion of infrastructure and start of commercial operation.
Bank proof in the form of a passbook…
Bank proof in the form of a passbook or cancelled cheque leaf.
Certificate of interest paid, on the bank's official…
Certificate of interest paid, on the bank's official letterhead.
Certificate of loan disbursement, on the bank's official…
Certificate of loan disbursement, on the bank's official letterhead.
Certificate on the loan's status, on the bank's…
Certificate on the loan's status, on the bank's official letterhead.
The sanction letter for the term loan
The sanction letter for the term loan.
A Chartered Accountant's certificate showing unit-wise interest details…
A Chartered Accountant's certificate showing unit-wise interest details (where more than one unit has a consolidated balance sheet).
How to Apply
Online Application
Applicants can apply for Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans through the online application process outlined below.
To claim incentives, an entity must already be registered on the Goa Online portal (www.goaonline.gov.in) and have its necessary business approvals in place through that portal.
Go to Goa Online's Official Web Portal and…
Go to Goa Online's Official Web Portal and click the "Register" option located top right.
An OTP check of your Email ID and…
An OTP check of your Email ID and Mobile Number follows on the next screen, and you are then taken to the Registration Page.
Here, fill out all mandatory fields, pick a…
Here, fill out all mandatory fields, pick a Login Name and a strong Password, read the Declaration and Terms & Conditions carefully and tick the boxes, then type the Captcha Code and click "Register/Signup".
Enter your Login Name, Password and the Captcha…
Enter your Login Name, Password and the Captcha Code to sign in, clicking "Login".
Click "Services" in the ribbon at the top,…
Click "Services" in the ribbon at the top, select "IT Services", then choose "Incentives on Logistics and Warehousing Sector". The scheme's application form will open; complete all mandatory fields and upload the mandatory documents.
Once you submit, a unique registration number is…
Once you submit, a unique registration number is generated; note it down for future reference. Post-Application Processes
When the application comes in, DITC raises queries…
When the application comes in, DITC raises queries with the applicant on any shortfalls in the form or documents. Following verification, DITC appoints an official to inspect the Entity and verify every record/document, including checking the list of structures built and civil works finished against the Civil Engineer Certificate (Annexure X). Inspection reports must be uploaded to the portal by the inspecting officers within 48 hours.
The application and Inspection Report then go to…
The application and Inspection Report then go to the Chief Executive Officer, Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence, after whose recommendation DITC prepares an appraisal note for the Incentive Review Committee (IRC).
DITC convenes the IRC meeting, at which the…
DITC convenes the IRC meeting, at which the committee discusses the application, examines its details and sanctions the claims. The IRC's decisions on sanctioning incentives and determining eligible investment are final and binding. Disbursement of Funds On receiving the IRC recommendations, DITC prepares an approval note for the Accounts Department to process payment, and then releases funds to the entities in the chronological order in which the IRC approved the sanctions. From receipt of the application to release of the amount, the whole process has to finish within a maximum of 90 days.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.