Lease Rental Subsidy Scheme

Description
Launched in 2018, the "Lease Rental 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 Lease Rental Subsidy to the eligible Information Technology Units in the State of Goa. All the New and Existing Units having their operations in Goa are eligible. The scheme has been framed as a part of Goa's IT Policy that envisages Goa as an aspirational geographical and human resource base for IT Units and a preferred destination for their investment and expansion.

Exclusions
• The Units availing similar financial incentives under any other policy of the Government of Goa are not eligible.

Benefits
• 1. A rental/ Lease reimbursement on the built-up office space lease/rent, up to 50% of the Annual Lease Rentals (60% in cases where 30% or more of the employees are women) for a period of 2 years.
• 2. Incentives under clause 2.1 above shall be disbursed on a pro-rata basis based on the number of Employees of Goan origin or Goan Graduates:
• Upto 30% of employees on rolls of the company: 50%
• 30% to 60% employees on rolls of the company: 75%
• More than 60%employees on rolls of the company: 100%
• *In order to avail the benefits of the scheme, the employees should be on the rolls of the company for a minimum period of one year.
• 3. The above rebate is also applicable if the built-up space is leased from GIDC/ any Government Agency.
• 4. For the units availing land from GIDC/ any Government Agency, a reimbursement of the upfront lease premium (as per the Stamp Registration) paid by the unit shall be reimbursed as per the payment to the Allotment Agency. In addition, the annual lease rentals paid to the allotment can also be claimed post-completion of one year of operation. This reimbursement would be provided for a period of 2 years.
• 5. In order to avail of this benefit the unit should be operational for at least one year prior to the date of applying for the incentive.
• 6. The Maximum benefit under this scheme for smaller business units would be ₹10,00,000.
• 7. There is no cap for the Mega & Other Business Units under this Scheme.
• 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: The applicant units will be subject to evaluation at the end of the Fiscal Year to verify eligibility for continuing to receive a subsidy under this scheme.

Eligibility Criteria
1. The applicant should be a New or an Existing Unit.
2. The applicant must have their operations in Goa.
3. The applicant must be one of the following:
4. - Proprietorship Firm
5. - Private Limited Company incorporated under the Companies Act, 2013 (or equivalent)
6. - Public Limited Company incorporated under the Companies Act, 2013 (or equivalent)
7. - Registered Partnership Firm incorporated under the Indian Partnership Act, 1932 (or equivalent)
8. - Limited Liability Partnership incorporated under Limited Liability Partnership Act, 2008 (or equivalent)
9. The bank accounts of the unit and/or its partner(s)/director(s) should be linked to Aadhaar.
10. NOTE: Only the expenses incurred after the notification of this policy will be eligible for a lease rental rebate subsidy.

Application Process
Step 1: 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 2: 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 3: 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 4: 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 5: 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.
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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: Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.
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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
NOTE: Units will be subject to evaluation at the end of each installment period to verify eligibility for the next installment.

Required Documents
• Udyog Aadhaar.
• Copy of Incorporation Certificate.
• Copy of New Unit Registration Document/Certificate.
• Copies of PAN, Aadhaar, and GST TIN.
• Memorandum and Articles of Association.
• Copy of First Bill Generated Showing the Date of Commencement of Operations or Other Relevant Document.
• Occupancy Certificate from Developer/Local Authority for Said Office Space.
• 3-Year Business Plan/Detailed Project Report (DPR) with Projected Investment and Employment Targets. The Business Plan will be Used as Part of the Evaluation for Payment of Subsequent Installments of the Subsidy.
• Details of Employees and Percentage of Employees of Goan Origin.
• Proof of Employment for the Employees on the Rolls for Over 12 Months (Copy of PF Contribution or Salary Slip or Other Relevant Document).
• Copy of Lease Deed/Lease Rental Agreement for Built-up or Land, as Applicable.
• Proof of Payment of Rent for the Said Office Space or Land for the Period for Which Rebate is Being Claimed, as Applicable.
• In Case of Land Lease, Proof of Payment of Upfront Lease Premium or Installment Thereof, Being Claimed for Reimbursement.

Frequently Asked Questions
Q: What is the objective and scope of the "Lease Rental Subsidy Scheme" launched in 2018 by the Department of Information Technology, Government of Goa?
A: The scheme aims to provide Lease Rental Subsidy to eligible Information Technology Units in Goa, fostering the state as a preferred investment destination.

Q: What is the maximum benefit under the Lease Rental Subsidy Scheme for smaller business units, and is there a cap for Mega & Other Business Units?
A: Smaller business units can avail a maximum benefit of [?]10,00,000, while there is no cap for Mega & Other Business Units.

Q: Can units availing similar financial incentives under other Goa government policies apply for benefits under the Lease Rental Subsidy Scheme?
A: No, units availing similar incentives under other Goa government policies are not eligible for benefits under this scheme.

Q: What are the conditions for units availing land from GIDC/Government Agency to claim reimbursement of upfront lease premium and annual lease rentals?
A: Units must be operational for at least one year before applying, and reimbursement is provided for a period of 2 years.

Q: What conditions are attached to the benefits under the scheme, particularly regarding budgetary allocation and continuity of subsidy?
A: Benefits are subject to budgetary allocation, and no Promissory Estoppel applies if benefits are discontinued due to exceeded allocation. Units are subject to evaluation at the end of the Fiscal Year.

Q: What is the timeline for the disbursement of incentives under the scheme, including key milestones and evaluation periods?
A: The timeline includes D+30 days for scrutiny, D+60 days for committee approval, and D+90 days for disbursement. Units are evaluated at the end of each installment period.

Q: How often can an applicant apply for the Lease Rental Subsidy Scheme, and what expenditure condition must be met?
A: Applicants can apply on a quarterly/bi-annual/annual basis after incurring relevant expenditure.

Q: What is the purpose of the User Manual for Business Entity, and where can it be accessed?
A: The User Manual provides guidance on the application process for the Business Entity and can be accessed at https://services.goaonline.gov.in/Downloads/Organization/BusinessProfile_UserManual.pdf.

Q: In case of queries or the need for assistance, where can applicants contact the relevant authorities?
A: Contact information can be found at https://www.goa.gov.in/contact/.

Q: What factors determine the amount of lease rental subsidy for eligible Information Technology Units under the scheme?
A: The amount is contingent on the built-up office space lease/rent, with a reimbursement of up to 50% of the Annual Lease Rentals (60% if 30% or more employees are women) for a period of 2 years.