Sarkari Yojana
Lease Rental Subsidy Scheme
About Lease Rental Subsidy Scheme
Among the “Information Technology Policy Schemes” of the Department of Information Technology, Government of Goa, the “Lease Rental Subsidy Scheme” was launched in 2018. It extends a Lease Rental Subsidy to eligible Information Technology Units in the State of Goa, and every New and Existing Unit operating in Goa can apply. The scheme flows from Goa’s IT Policy, whose vision is to make Goa an aspirational geographical and human resource base for IT Units and a preferred location for their investment and growth.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Lease Rental Subsidy Scheme, applicants must satisfy the following conditions:
Both New and Existing Units qualify
Both New and Existing Units qualify.
The unit's operations have to be located in…
The unit's operations have to be located in Goa.
It must be registered as one of these…
It must be registered as one of these entity types:
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 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). NOTE: A lease rental rebate subsidy can be claimed only on expenses incurred after this policy was notified.
Benefits Provided
Lease Rental Subsidy Scheme provides the following benefits to eligible applicants:
For 2 years, units are reimbursed for the…
For 2 years, units are reimbursed for the lease/rent of built-up office space, up to 50% of the Annual Lease Rentals, or 60% where women make up 30% or more of the employees.
The incentive under clause 2.1 above is released…
The incentive under clause 2.1 above is released pro-rata depending on the number of Employees of Goan origin or Goan Graduates:
Such employees forming up to 30% of those on the company's rolls: 50% of the incentive
Such employees forming 30% to 60% of those on the rolls: 75% of the incentive
Such employees forming more than 60% of those on the rolls: 100% of the incentive
*Employees must have been on the company's rolls for at least one year for the benefits to apply.
This rebate also covers built-up space taken on…
This rebate also covers built-up space taken on lease from GIDC/ any Government Agency.
Units taking land from GIDC/ any Government Agency…
Units taking land from GIDC/ any Government Agency are reimbursed the upfront lease premium (as per the Stamp Registration) they paid, in line with the payment made to the Allotment Agency. Annual lease rentals paid to the allotment may also be claimed once one year of operation is complete. This reimbursement is available for 2 years.
To claim this benefit, the unit must have…
To claim this benefit, the unit must have been operational for at least one year before it applies for the incentive.
Smaller business units can receive a maximum benefit…
Smaller business units can receive a maximum benefit of ₹10,00,000 under this scheme.
Mega & Other Business Units face no cap…
Mega & Other Business Units face no cap under this Scheme. NOTE 1: All benefits are subject to budgetary allocation, and no Promissory Estoppel will apply if they are stopped once the allocation is exceeded. NOTE 2: At the close of the Fiscal Year, applicant units are evaluated to confirm continued eligibility for the subsidy.
Documents Required
Applicants should keep the following documents ready before starting the application:
The unit's Udyog Aadhaar
The unit's Udyog Aadhaar.
Incorporation Certificate (Copy)
Incorporation Certificate (Copy).
New Unit Registration Document/Certificate (Copy)
New Unit Registration Document/Certificate (Copy).
PAN, Aadhaar, and GST TIN (Copies)
PAN, Aadhaar, and GST TIN (Copies).
Memorandum and Articles of Association
Memorandum and Articles of Association.
First Bill Raised Showing When Operations Commenced, or…
First Bill Raised Showing When Operations Commenced, or Another Relevant Document (Copy).
Occupancy Certificate for the Office Space, Issued by…
Occupancy Certificate for the Office Space, Issued by the Developer/Local Authority.
3-Year Business Plan/Detailed Project Report (DPR) Setting Out…
3-Year Business Plan/Detailed Project Report (DPR) Setting Out Projected Investment and Employment Targets, Which Will Feed Into the Evaluation for Paying Later Installments of the Subsidy.
Employee Details Along With the Percentage of Employees…
Employee Details Along With the Percentage of Employees of Goan Origin.
Evidence of Employment for Staff on the Rolls…
Evidence of Employment for Staff on the Rolls for Over 12 Months (PF Contribution Copy, Salary Slip or Other Relevant Document).
Lease Deed/Lease Rental Agreement for the Built-up Space…
Lease Deed/Lease Rental Agreement for the Built-up Space or Land, as Applicable (Copy).
Rent Payment Proof for the Office Space or…
Rent Payment Proof for the Office Space or Land Covering the Rebate Claim Period, as Applicable.
For a Land Lease, Evidence of Paying the…
For a Land Lease, Evidence of Paying the Upfront Lease Premium or an Installment of It That Is Being Claimed.
How to Apply
Online Application
Applicants can apply for Lease Rental Subsidy Scheme through the online application process outlined below.
Open the Official Web Portal of Goa Online…
Open the Official Web Portal of Goa Online and click "Register", found at the top right corner.
Use the OTP to confirm your Email ID…
Use the OTP to confirm your Email ID and Mobile Number on the page that follows, after which you are taken to the Registration Page.
Enter every mandatory detail on the Registration Page,…
Enter every mandatory detail on the Registration Page, pick a Login Name, and set a strong Password. After going through the Declaration and Terms & Conditions carefully, tick the checkboxes, enter the Captcha Code, and select "Register/Signup".
Log in with the Login Name and Password…
Log in with the Login Name and Password you created, type the Captcha Code, and select "Login".
Go to "Services" on the top ribbon, then…
Go to "Services" on the top ribbon, then "IT Services", and click the scheme name to reach its application form. Complete the mandatory fields and upload the mandatory documents there.
On submission, a unique registration number is generated;…
On submission, a unique registration number is generated; record it for later use.
NOTE: Applicants may apply on a quarterly/bi-annually/annual basis after the relevant expenditure has been made.
Disbursement Timeline
Incentive Application Receipt: D
Application checked against the checklist: D+30days
Empowered Committee gives approval: D+60 days
Sanction Orders/Regret Letter issued along with Disbursement: D+90 days
NOTE: Each installment period ends with an evaluation of the unit to verify that it qualifies for the next installment.
Exclusions / Who Is Not Eligible
The Units availing similar financial incentives under any other policy of the Government of Goa are not eligible.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.