Sarkari Yojana

Interest Subsidy Scheme for Smaller Business Units

Goa
Quick Summary: Under this Goa IT Policy scheme, Smaller Business Units with operations in Goa can receive an interest subsidy on working capital loans of up to ₹ 5,00,000 per annum for 3 years.

About Interest Subsidy Scheme for Smaller Business Units

The “Internet Subsidy Scheme”, introduced in 2018, belongs to the “Information Technology Policy Schemes” of the Department of Information Technology, Government of Goa. It is designed to give an Internet Subsidy to eligible Information Technology Units in the State of Goa, and every New and Existing Unit operating in Goa can qualify. The scheme was drawn up under Goa’s IT Policy, which sees Goa as an aspirational geographical and human resource base for IT Units and a favoured place for them to invest and grow.

Scheme Overview

Government Level

State Government

Eligible Entity

Business Entity

Scheme Details

Eligibility

Eligibility Requirements

To qualify for Interest Subsidy Scheme for Smaller Business Units, applicants must satisfy the following conditions:

✅

Operations of every new and existing unit have…

Operations of every new and existing unit have to be located in Goa.

✅

The applicant entity should be any one of…

The applicant entity 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 formed under the Indian Partnership Act, 1932 (or equivalent)
A Limited Liability Partnership formed under the Limited Liability Partnership Act, 2008 (or equivalent)

📄

Aadhaar must be linked to the bank accounts…

Aadhaar must be linked to the bank accounts of the unit and/or its partner(s)/director(s).

Applicants must meet all of the above conditions to be considered eligible for this scheme.
Benefits

Benefits Provided

Interest Subsidy Scheme for Smaller Business Units provides the following benefits to eligible applicants:

💰

Smaller Business Units can claim an interest subsidy…

Smaller Business Units can claim an interest subsidy on their working capital loan for 3 years, limited to ₹ 5,00,000 per annum. NOTE 1: Benefits depend on budget allocation, and Promissory Estoppel will not apply if they are stopped once the allocation runs out. NOTE 2: A claim can be made once in each fiscal year, for no more than 3 years.

Benefit amounts and conditions may vary by category — refer to the official scheme guidelines for exact figures applicable to your case.
Documents Required

Documents Required

Applicants should keep the following documents ready before starting the application:

📄

Certificate of Incorporation (copy)

Certificate of Incorporation (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 when…

Copy of the first bill raised, showing when operations began, or another relevant document

✅

Copy of the original loan agreement setting out…

Copy of the original loan agreement setting out its terms, principal, interest rate and other relevant particulars

✅

Receipts/bank statements/demand drafts or other supporting papers proving…

Receipts/bank statements/demand drafts or other supporting papers proving interest was paid for the period

📄

Udyog Aadhaar

Udyog Aadhaar.

Ensure all documents are valid and, where required, duly attested before submitting your application.

How to Apply

Online Application

Applicants can apply for Interest Subsidy Scheme for Smaller Business Units through the online application process outlined below.

1️⃣

Open the Goa Online Official Web Portal and…

Open the Goa Online Official Web Portal and select "Register" at the top right.

2️⃣

Confirm your Email ID and Mobile Number with…

Confirm your Email ID and Mobile Number with OTP on the following page, after which the Registration Page appears.

3️⃣

Complete all mandatory fields of the registration form,…

Complete all mandatory fields of the registration form, choose a Login Name and strong Password, read the Declaration and Terms & Conditions and tick the boxes, then type the Captcha Code and select "Register/Signup".

4️⃣

Sign in with your Login Name and Password,…

Sign in with your Login Name and Password, enter the Captcha Code, and select "Login".

5️⃣

From the top ribbon choose "Services" and then…

From the top ribbon choose "Services" and then "IT Services". Clicking the scheme's name opens its application form; complete all mandatory fields and upload the mandatory documents.

6️⃣

Submit the form, and record the unique registration…

Submit the form, and record the unique registration number that is generated. NOTE: Once the expenditure is incurred, applications can be made on a quarterly/bi-annually/annual basis. Disbursement Timeline
Day the incentive application is received: D
Checklist-based scrutiny completed by: D+30days
Empowered Committee approval by: D+60 days
Regret Letter/Sanction Orders issued and Disbursement made by: D+90 days

Ensure all required documents are ready before starting the application process.

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.

Official Sources & References