Sarkari Yojana
Lease Rental Rebate Scheme for Goan Diaspora
About Lease Rental Rebate Scheme for Goan Diaspora
The Department of Information Technology, Government of Goa, launched the “Lease Rental Rebate Scheme for Goan Diaspora” in 2018 as one of its “Information Technology Policy Schemes”. It gives the Goan Diaspora a Lease Rental Rebate, reimbursing 100% of lease rentals for the first 6 months of operations. The scheme forms part of Goa’s IT Policy, which sees Goa as an aspirational geographical and human resource base for IT Units and a preferred place for them to invest and expand.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Lease Rental Rebate Scheme for Goan Diaspora, applicants must satisfy the following conditions:
Both New and Existing Units may apply
Both New and Existing Units may apply.
Operations must be based in Goa
Operations must be based in Goa.
The applicant has to be any one of…
The applicant has to be any one of these:
A Proprietorship Firm
A Private Limited Company incorporated under the Companies Act, 2013 (or equivalent)
A Public Limited Company incorporated under the Companies Act, 2013 (or equivalent)
A Registered Partnership Firm incorporated under the Indian Partnership Act, 1932 (or equivalent)
A Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008 (or equivalent)
Bank accounts of the unit and/or its partner(s)/director(s)…
Bank accounts of the unit and/or its partner(s)/director(s) need to be Aadhaar-linked.
The unit must have been running for at…
The unit must have been running for at least one year before applying.
The lease rental rebate for a given office…
The lease rental rebate for a given office space is available only if the IT unit has operated from it for more than one year.
Registration of the company/ firm must be in…
Registration of the company/ firm must be in Goa.
The CEO / Head or Majority Stakeholder(s) of…
The CEO / Head or Majority Stakeholder(s) of the company/ firm must belong to the Goan Diaspora.
At least 15 employees must be hired, of…
At least 15 employees must be hired, of whom no less than 60% should be of Goan Origin.
Employees need to have been on the company's…
Employees need to have been on the company's rolls for one year or more. NOTE: At each Fiscal Year end, units are evaluated to confirm they remain eligible to keep getting the subsidy.
Benefits Provided
Lease Rental Rebate Scheme for Goan Diaspora provides the following benefits to eligible applicants:
For the first 6 months of operations, lease…
For the first 6 months of operations, lease rentals are reimbursed in full (100%).
Thereafter, for a maximum period of 2 years,…
Thereafter, for a maximum period of 2 years, units are reimbursed ₹ 35 per sq. ft. or 80% of total lease rentals, whichever is lower.
Incentives are paid out pro-rata according to the…
Incentives are paid out pro-rata according to the share of Employees of Goan origin or Goan Graduates:
When they form up to 30% of employees on the company's rolls, 50% is released
When they form 30% to 60% of employees on the rolls, 75% is released
When they exceed 60% of employees on the rolls, 100% is released
NOTE 1: Benefits are subject to budgetary allocation, and if they are discontinued because the allocation is exceeded, no Promissory Estoppel applies.
NOTE 2: Only expenditure incurred while the policy is in operation counts.
Documents Required
Applicants should keep the following documents ready before starting the application:
Incorporation Certificate, copy
Incorporation Certificate, copy
Registration document/certificate of the new unit, copy
Registration document/certificate of the new unit, copy
PAN, Aadhaar, and GST TIN, copies
PAN, Aadhaar, and GST TIN, copies
Memorandum and Articles of Association
Memorandum and Articles of Association
Copy of the first bill raised showing the…
Copy of the first bill raised showing the start date of operations, or another relevant document
Occupancy certificate for the office space from the…
Occupancy certificate for the office space from the developer/local authority
Employee details including the percentage of employees of…
Employee details including the percentage of employees of Goan origin
Lease deed/lease rental agreement for the built-up office…
Lease deed/lease rental agreement for the built-up office space, copy
Rent payment proof for the office space
Rent payment proof for the office space
Udyog Aadhaar of the unit
Udyog Aadhaar of the unit.
How to Apply
Online Application
Applicants can apply for Lease Rental Rebate Scheme for Goan Diaspora through the online application process outlined below.
Go to Goa Online's Official Web Portal and…
Go to Goa Online's Official Web Portal and press "Register" at the top right.
Verify your Email ID and Mobile Number by…
Verify your Email ID and Mobile Number by OTP on the next screen; you will then land on the Registration Page.
Fill in every mandatory field there, choose a…
Fill in every mandatory field there, choose a Login Name and a strong Password, read the Declaration and the Terms & Conditions with care and tick the checkboxes, type the Captcha Code, and click "Register/Signup".
Sign in using the Login Name and Password,…
Sign in using the Login Name and Password, key in the Captcha Code, and click "Login".
Choose "Services" from the top ribbon and then…
Choose "Services" from the top ribbon and then "IT Services". Clicking the scheme's name brings up its application form, where you must complete the mandatory fields and upload the mandatory documents.
Submit the form
Submit the form. Write down the unique registration number that is generated, as you will need it later.
NOTE: Once the relevant expenditure is incurred, applications may be filed on a quarterly/bi-annually/annual basis.
Disbursement Timeline
Incentive Application Receipt: D
Scrutiny of the application against the checklist: D+30days
Empowered Committee approval of the application: D+60 days
Disbursement and issue of Sanction Orders/Regret Letter: 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.