Interest Subsidy Scheme for Smaller Business Units
in Goa
Last updated:
Interest Subsidy Scheme for Smaller Business Units in Goa
Interest Subsidy Scheme for Smaller Business Units is a government scheme available to eligible residents of Goa.
Apply for Interest Subsidy Scheme for Smaller Business Units in Goa
Scheme Overview
Launched in 2018, the "Internet Subsidy Scheme" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. The objective and the scope of this scheme is to provide Internet Subsidy to the eligible Information Technology Units in Goa.
Eligibility Criteria
All the new and existing units must have their operations in Goa.
The applicant must be one of the below:
- Proprietorship Firm
- Private Limited Company incorporated under the Companies Act, 2013 (or equivalent)
- Public Limited Company incorporated under the Companies Act, 2013 (or equivalent)
- Registered Partnership Firm incorporated under the Indian Partnership Act, 1932 (or equivalent)
- Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008 (or equivalent)
The bank accounts of the unit and/or its partner(s)/director(s) should be linked to Aadhaar.
Benefits
For Smaller Business Units, interest subsidy on working capital loan will be provided, subject to a maximum of ₹ 5,00,000 per annum, for a period of 3 years.
NOTE 1: The benefits under this scheme are subject to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case the allocation is exceeded.
NOTE 2: This incentive is allowed to be claimed once every fiscal year, up to a maximum of 3 years.
Required Documents
| # | Document |
|---|---|
| 1 | Copy of Incorporation Certificate |
| 2 | Copy of new unit registration document/certificate |
| 3 | Copies of PAN, Aadhaar and GST TIN |
| 4 | Memorandum and Articles of Association |
| 5 | Copy of first bill generated showing the date of commencement of operations or other relevant document |
| 6 | Copy of original loan agreement showing terms of the said loan, principal amount, rate of interest and other relevant details |
| 7 | Copies of receipts/bank statements/demand drafts or other supporting document as proof of payment of interest for said period |
| 8 | Udyog Aadhaar. |
How to Apply in Goa
Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click "Register".
Online Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click "Register".
Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.
Online Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.
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…
Online 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 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".
Online Step 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".
Step 5: In the top ribbon, click on "Services", then click on "IT Services". Click on the name of the scheme. You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the mandatory documents.
Online Step 5: In the top ribbon, click on "Services", then click on "IT Services". Click on the name of the scheme. You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the mandatory documents.
Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.
Online NOTE: The applicant can apply for this scheme on a quarterly/bi-annually/annual basis after incurring the relevant expenditure. Incentive Application Receipt: D Application scrutiny as per checklist: D+30days Application approval by the Empowered Committee: D+60 days Issue of Regret Letter/Sanction Orders and Disbursement: D+90 days
Common questions in Goa
Who can apply for Interest Subsidy Scheme for Smaller Business Units in Goa?
Eligible residents of Goa who meet the scheme’s overall criteria can apply for Interest Subsidy Scheme for Smaller Business Units. Refer to the eligibility section above for the complete checklist.
What documents are required for Interest Subsidy Scheme for Smaller Business Units in Goa?
Applicants in Goa typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
You can access the comprehensive Scheme Guidelines, which provide intricate details and instructions, at the following web address: https://www.goa.gov.in/wp-content/uploads/2020/08/ITPolicySchemes2018.pdf