Sarkari Yojana
Interest Subsidy Reimbursement Scheme
About Interest Subsidy Reimbursement Scheme
Run by the Department of Information Technology, Electronics and Communications, Government of Goa, for the Startups of Goa, the “Interest Subsidy Reimbursement Scheme” rewards projects of immense promise and potential with a grant of 30% of the loan interest amount, to be used for paying off the interest component of a loan taken.
Scheme Overview
State Government
Startup Promotion Cell (SPC)
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Interest Subsidy Reimbursement Scheme, applicants must satisfy the following conditions:
Any Start-up that the Start-up Promotion Cell (SPC)…
Any Start-up that the Start-up Promotion Cell (SPC) has certified and that holds a valid start-up certificate number can apply. NOTE: Reimbursement covers only expenses incurred after notification of Goa Start-up Policy 2017, within the policy's validity, and paid digitally. Where digital payment is not possible, the SPC will decide, based on its due diligence, whether to accept the expenditure.
Benefits Provided
Interest Subsidy Reimbursement Scheme provides the following benefits to eligible applicants:
As many as 3 projects of immense promise…
As many as 3 projects of immense promise and potential, on the Startup Promotion Cell's recommendation, can receive a grant of 30% of the loan interest amount towards repaying the interest component of a loan, up to ₹ 5,00,000 per annum, for an initial period of two years only.
All other Startups may claim an interest repayment…
All other Startups may claim an interest repayment grant equal to 10% of the interest on a loan, up to ₹ 2,00,000 per year, for a period of two years; 40 start-ups chosen by the SPC under its guidelines can avail this each year.
This grant comes on top of any other…
This grant comes on top of any other interest subsidy or loan given under Chief Minister Rojgar Yojana (CMRY). NOTE: The benefits are never to be treated as an entitlement, and the SPC alone decides whether to accept or reject applications.
Documents Required
Applicants should keep the following documents ready before starting the application:
Aadhaar card of the Director/ CEO (copy)
Aadhaar card of the Director/ CEO (copy)*.
Bank Loan statement copy reflecting interest paid
Bank Loan statement copy reflecting interest paid*.
No Default Certificate from the Bank (copy)
No Default Certificate from the Bank (copy)*.
The form and documents listed in Annexure 1
The form and documents listed in Annexure 1*. NOTE: Directors' bank accounts must be linked with Aadhaar.
How to Apply
Online Application
Applicants can apply for Interest Subsidy Reimbursement Scheme through the online application process outlined below.
Head to the Goa Startup Mission's Official Website
Head to the Goa Startup Mission's Official Website.
Use the OTP to validate your Email ID…
Use the OTP to validate your Email ID and Mobile Number; the Registration Page then loads.
Enter all compulsory information (Country, Name, Date of…
Enter all compulsory information (Country, Name, Date of Birth, Address, PIN Code, Gender, etc.) on the Registration/Signup Page.
Set up a Login Name and a secure…
Set up a Login Name and a secure Password, which may include special characters like @ # $ % ^ & + =.
Read the Declaration and Terms & Conditions with…
Read the Declaration and Terms & Conditions with care and tick the boxes.
Key in the Captcha Code and select "Register/Signup"
Key in the Captcha Code and select "Register/Signup".
Log in using the Login Name and Password,…
Log in using the Login Name and Password, type the Captcha Code, and select "Login".
Go to the online form for this scheme
Go to the online form for this scheme.
Fill in all compulsory fields and upload the…
Fill in all compulsory fields and upload the compulsory documents, self-attested if required.
Submit and keep a note of the application…
Submit and keep a note of the application reference number for tracking. OR
Print out the proforma application form, fill in…
Print out the proforma application form, fill in the compulsory fields, and attach copies of the compulsory documents (self-attested if required).
Send the completed and signed form with the…
Send the completed and signed form with the documents to the SPC by Email at spc-dit.goa@gov.in NOTE: You may apply whenever you like during the financial year, but no later than 6 months after the expenditure was incurred. Notification After evaluating each application, the SPC will notify approval or rejection within 45 days of receiving it.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.