Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans

Description
The “Goa State Logistics and Warehousing Incentives Scheme” was launched by the Department of Industries, Government of Goa. The scheme aims to provide financial assistance for the development of the logistics and warehousing industry in the State. The “Subsidy Towards Annual Interest Rate Payable On Loans” component of the scheme offers financial assistance for the development of the logistics and warehousing industry in the State. The component provides a reimbursement of 50% of the annual interest amount payable by the eligible entity on loans taken for the construction of projects. This subsidy is implemented by the Directorate of Industries, Trade and Commerce DITC , which also monitors effective implementation and ensures sanctioning is completed within 90 days from the date of application. Applications for this scheme are accepted through the Goa online single-window system.

Benefits
• Subsidy towards annual interest rate payable on loans.
• The subsidy rate is 50% of the annual interest amount payable by the entity on loans taken for the construction of projects.
• The entitlement per project shall not exceed an annual sum of ₹25,00,000/- (Indian Rupees Twenty-five Lakhs).
• Standard projects are eligible for 03 consecutive years from the date the loan was taken.
• Projects constructed in Backward Talukas OR owned by Women Entrepreneurs/Entrepreneurs belonging to Schedule Caste/Schedule Tribe Communities are eligible for 05 consecutive years from the date the loan was taken.
• The subsidy calculation will take into account the interest amount paid up to the end of the previous fiscal year, for the claim submitted for the year or part of the year.
• The subsidy calculation will be based on the actual interest amount incurred, as determined by the prevailing interest rate applicable to the concerned financial transaction.
• The reimbursement shall not include penal interest, liquidated damages, or similar charges paid to the financial institutions/banks.
• If an Entity fails to file the annual claim after the first year, it may still submit the delayed claim in the following year, provided it falls within the overall subsidy eligibility period specified in Table 7.1.
• If interest cannot be claimed due to non-payment before filing, the unit shall be eligible to claim such interest subject to payment of the same in the subsequent year.
• In case of default in payment of term loan (i.e., not paid as per schedule of repayment) reimbursement of interest shall be reduced to the extent of default.
• Only the limit of original loan granted and not rescheduled loan shall be considered for interest reimbursement.
• In case an Entity procures loans from multiple financial institutions, the aggregate sum of interest paid across these loans shall qualify for subsidy consideration, provided the total claimed does not surpass the prescribed maximum allowable amount.
• In case of more than one unit with a consolidated balance sheet, a certificate from a Chartered Accountant giving interest details unit-wise shall be submitted by the applicant, and the claim shall be made only for the eligible unit.

Eligibility Criteria
1. - The applicant must be applicable only for non-mega industries.
2. - The applicant must own a business unit in Goa and provide Logistics and Warehousing services in Goa.
3. - The applicant must be a Logistics and Warehousing services provider.
4. - The applicant must have Permanent Account Number (PAN) and must regularly file the Income Tax Returns in the name of the legal entity.
5. - The applicant must be in continuous operations for a minimum period of six months post the date of notification of Logistics and Warehousing Policy 2023.
6. - The applicant must have incurred the expenses (loan availed) post the date of launch of the Logistics and Warehousing Policy 2023.
7. - The applicant must not have claimed similar benefit under any other scheme/program of State or Central Government.
8. - The applicant must provide minimum 40% local employment (employees who are employed continuously during the claim year and are on the payroll of the unit for that year shall be considered).
9. - The applicant must have availed the loan as term loan and/or working capital loan for conducting business of the unit claiming the benefit.
10. - The applicant must have procured the loan from a nationalized bank, scheduled private bank, Co-operative Bank, Economic Development Corporation Limited (EDC Ltd.), or any Non-Banking Financial Institutions recognized by the Reserve Bank of India.
11. - The applicant must ensure the relevant loan quantum for determining the subsidy is the aggregate amount borrowed for the construction of the project, including the cost of land acquisition and all construction-related expenses.
12. - The applicant must ensure the loan is not covered under the Modified Interest Rebate Scheme 2012, or the interest paid is not under the Chief Minister Rojgar Yojana Scheme or any other employment generation scheme of the Government of India/Government of Goa.
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14. ##### ***Preference and Quantum Criteria***
15. - The benefit is subject to a first come first serve basis, contingent upon the availability of funds in a particular fiscal year.
16. - The quantum of benefit shall be defined by the proportion of Goan employees on payrolls:
17. - 60% or above Goan employment results in 100% of the benefits.
18. - More than 40% but less than 60% Goan employment results in 80% of the benefits.
19. - Less than 40% Goan employment results in ineligibility.
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21. ##### ***Project Category and Minimum Land Area Requirements***
22. _The project must be one of the following eight categories, subject to the minimum land area specified:_
23. **Logistics Park (Multi-modal/Integrated), Inland Container Depot (ICD), Container Freight Stations (CFS)**
24. - Standard Minimum Land Area: 1 Acre
25. - Backward Talukas/SC/ST/Women Minimum Land Area: 1 Acre.
26. **Air Freight Stations (AFS)**
27. - Standard Minimum Land Area: 1,000 square meters
28. - Backward Talukas/SC/ST/Women Minimum Land Area: 1,000 square meters.
29. **Warehouses, Truck Terminals**
30. - Standard Minimum Land Area: 1,000 square meters
31. - Backward Talukas/SC/ST/Women Minimum Land Area: 500 square meters.
32. **Cold Chain Unit, Testing Facilities**
33. - Standard Minimum Land Area: 200 square meters
34. - Backward Talukas/SC/ST/Women Minimum Land Area: 100 square meters.
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Application Process
Step 1: *The entity who wishes to avail incentives must first be registered on the Goa Online portal (www.goaonline.gov.in) and must have already obtained necessary business approvals through the portal.
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*The entity who wishes to avail incentives must first be registered on the Goa Online portal (www.goaonline.gov.in) and must have already obtained necessary business approvals through the portal.

Step 2: Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click "Register".
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Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click "Register".

Step 3: Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.
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Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.

Step 4: Step 3: On the Registration Page, fill in all the mandatory fields of the registration form. Create a Login Name and a strong Password. Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes. Fill in the Captcha Code, a…
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Step 3: On the Registration Page, fill in all the mandatory fields of the registration form. Create a Login Name and a strong Password. Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes. Fill in the Captcha Code, and click "Register/Signup".

Step 5: Step 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".
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Step 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".

Step 6: Step 5: In the top ribbon, click on "Services", then click on "IT Services". Click on "Incentives on Logistics and Warehousing Sector". You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the m…
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Step 5: In the top ribbon, click on "Services", then click on "IT Services". Click on "Incentives on Logistics and Warehousing Sector". You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the mandatory documents.

Step 7: Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.
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Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.

Step 8: Step 1: Upon receiving the application, the DITC should raise any queries to the applicant regarding shortfalls in the application form or submitted documents. After verification, the DITC designates an official to inspect the Entity, verify all r…
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Step 1: Upon receiving the application, the DITC should raise any queries to the applicant regarding shortfalls in the application form or submitted documents. After verification, the DITC designates an official to inspect the Entity, verify all records/documents, including verifying the list of structures created and civil works completed as per the Civil Engineer Certificate (Annexure X). The inspecting officers are required to upload the inspection reports to the portal within 48 hours.

Step 9: Step 2: The application and Inspection Report are subsequently marked to the Chief Executive Officer, Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence. Following the recommendation from the CEO (Goa-IPB), the DITC prepar…
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Step 2: The application and Inspection Report are subsequently marked to the Chief Executive Officer, Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence. Following the recommendation from the CEO (Goa-IPB), the DITC prepares an appraisal note to be placed before the Incentive Review Committee (IRC).

Step 10: Step 3: The DITC calls for the IRC meeting where the committee deliberates on the incentive application, scrutinizes the details, and sanctions the claims. The decisions of the IRC are final and binding in sanctioning the incentives and deciding t…
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After receiving IRC recommendations, DITC prepares an approval note for the Accounts Department to process the disbursement. The DITC disburse funds to the entities, observing the chronological order of sanctions approved by the IRC. The entire process, from application receipt until amount disbursement, must be completed within a maximum period of 90 days.

Required Documents
• CA Certified Details Of Shareholding Pattern For Paid-Up Capital (For Women Entrepreneurs Only).
• Caste Certificate In Case Of Schedule Caste/Schedule Tribe Entrepreneurs.
• Detailed Project Report, Self-Attested.
• Approved Project Cost Duly Certified By Chartered Engineer (Civil).
• Item Wise And Cost Wise Details Of Civil Works Envisaged Duly Certified By Chartered Engineer (Civil).
• Approved Area Certificate By Town & Country Planning Department.
• Implementation Schedule Indicating Dates For Acquiring Land, Start Of Construction, Completion Of Infrastructure, And Commencement Of Commercial Operation.
• Bank Proof (Passbook/Cancelled Cheque Leaf).
• Interest Paid Certificate (Issued By Bank On Its Official Letterhead).
• Loan Disbursement Certificate (Issued By Bank On Its Official Letterhead).
• Bank Certificate On Status Of Loan (Issued By Bank On Its Official Letterhead).
• Term Loan Sanction Letter.
• Certificate From Chartered Accountant Giving Interest Details Unit-Wise (In Case Of More Than One Unit With A Consolidated Balance Sheet).

Frequently Asked Questions
Q: What mandatory financial documentation or tax requirements must the entity possess and maintain compliance with to be considered an eligible applicant for these incentives?
A: All entities applying must possess a Permanent Account Number (PAN) and must ensure they regularly file the Income Tax Returns using the name of the legal entity that is applying for the benefits.
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Q: After submitting a complete application for any financial incentive under the umbrella scheme, what is the maximum time period generally required for the application to be fully processed and the benefit funds to be disbursed?
A: The entire processing of the application and the disbursement of the incentive amount will be completed within a maximum period of 90 days, calculated from the date the application was formally received by the Directorate of Industries, Trade and Commerce.
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Q: Is there a mandatory requirement regarding the percentage of local employment that my entity must maintain on its official payrolls to qualify for support under this incentives scheme?
A: Yes, the entity must ensure the provision of a minimum of 40% local employment. This condition considers employees who are continuously employed and maintained on the unit’s payroll during the claim year.
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Q: If I have received financial assistance or similar benefits for the same purpose from any program managed by the Central or State Government previously, will I still be considered eligible?
A: No, this scheme is not applicable to any entity that has already claimed a similar benefit or incentive for the same purpose under any other existing scheme or program managed by either the State Government or the Central Government.
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Q: What potential legal repercussions or mandatory refund requirements exist if it is later discovered that an entity obtained financial incentives through the submission of false or incorrect information?
A: If incentives were obtained through misrepresentation of facts or in case of misuse, the financial incentive shall be revoked, and the entity undertakes to refund 10 times the concessions claimed.
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Q: What additional steps must I take if my entity is owned by a woman entrepreneur or an entrepreneur belonging to the Schedule Caste or Schedule Tribe communities to ensure appropriate consideration?
A: Entities owned by Women Entrepreneurs or those belonging to Schedule Caste/Schedule Tribe communities must explicitly declare their category when submitting the application for incentives on the Goa Online Portal and provide all necessary required documentation.
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Q: Since governmental funds are finite, how are applications reviewed and prioritized when multiple entities apply for incentives simultaneously within a given fiscal year?
A: The benefits under this scheme are subject to the availability of sufficient funds during a particular fiscal year and are generally processed based on the principle of first come first serve.
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Q: Is there a mandatory prerequisite for both new and existing units detailing the minimum required period of continuous commercial operations immediately following the announcement of the Policy?
A: Yes, all eligible entities must have been in continuous operations for a minimum period of six months subsequent to the official date of notification of the Logistics and Warehousing Policy 2023.
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Q: How is the final value of the sanctioned financial benefit determined, specifically based on the entity’s ability to meet the prescribed targets for Goan employment on its payrolls?
A: If Goan employment is 60% or above, the entity receives 100% of the calculated benefit, but if it is more than 40% yet less than 60%, the entity receives 80% of the calculated benefit, otherwise the entity is ineligible.
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Q: Which specific government department or administrative body has been officially assigned the crucial responsibility of monitoring and successfully implementing the provisions of this incentives scheme?
A: The Directorate of Industries, Trade and Commerce (DITC), which is the department responsible for developing and promoting industries in Goa, has been designated as the nodal department for implementing this incentives scheme.
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Q: Since the scheme is organized into various specific components, do the general clauses outlined in the main document still apply uniformly to every single target scheme introduced within this framework?
A: Yes, all the general clauses and conditions defined in The Goa State Logistics and Warehousing Incentives Scheme, 2025, shall automatically form part of each target scheme, unless specific deviations are clearly indicated in the individual target schemes.
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Q: What is the validity period of this incentives policy, and how long can entities expect the umbrella scheme to remain active and available for application submissions?
A: The Goa State Logistics and Warehousing Incentives Scheme, 2025, shall remain effective for a period of 03 years from the date of its publication in the Official Gazette, unless the Government decides to terminate or extend the scheme earlier.
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Q: Should my business unit possess investment or employment figures below certain established thresholds to be eligible to apply for financial assistance under this incentives scheme?
A: Yes, the scheme is exclusively applicable to non-Mega Projects, which are defined as those with investment less than ₹100,00,00,000/- (Indian Rupees One Hundred Crore) and/or employment generation of less than 1000 Goan individuals.
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Q: Once an entity has successfully received financial incentives, what obligations are placed upon it regarding external inspections or the disclosure of official records by government officials?
A: The entity must grant free access to any official authorized by the Directorate of Industries, Trade and Commerce for conducting inspection/supervision of the unit or the registers, or for holding discussions with the employed employees for ensuring the proper utilization of the granted financial incentives.
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