About this business scheme
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.
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 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.
Benefits at a glance
| Scheme name | Interest Subsidy Scheme for Smaller Business Units (ISSFSU) |
|---|---|
| Launched by | Information and Publicity Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Goa |
| Official portal | goaonline.gov.in (link at the end of this page) |
Key facts
| Scheme for | Infra |
|---|---|
| Application mode | Online |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Age | 18 to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
For Smaller Business Units, interest subsidy on working capital loan will be provided, subject to a maximum of Rs. 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.
Who qualifies
1. All the new and existing units must have their operations in Goa.
2. 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)
3. The bank accounts of the unit and/or its partner(s)/director(s) should be linked to Aadhaar.
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.
Papers to keep ready
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.
Registration walkthrough
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.
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".
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.
NOTE: The applicant can apply for this scheme on a quarterly/bi-annually/annual basis after incurring the relevant expenditure.
Disbursement Timeline
- 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
Frequently asked questions
Where Can I Find The Link To The Scheme Guidelines?
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
Where Can I Find The Link To The Official Gazette?
You can obtain the Official Gazette by visiting this specific webpage: https://ditc.goa.gov.in/sites/default/files/Target-Schemes.pdf
Where Can I Find The Link To The User Manual for Business Entity?
You can obtain the Official Gazette by visiting this specific webpage: https://services.goaonline.gov.in/Downloads/Organization/BusinessProfile_UserManual.pdf
Is There Any Application Fee?
No, applicants can rest assured that the entire application process is entirely free of cost. There are no fees associated with applying for this scheme.
How can I track the status of application?
Please visit https://goaonline.gov.in/StatusTrack to know the status of your application.
When was the scheme launched and by which department?
The scheme was launched in 2018 by the Department of Information Technology, Government of Goa.
What are the objectives of the Information Technology Policy of Goa?
Goa's IT Policy envisages Goa as an aspirational geographical and human resource base for IT Units and a preferred destination for their investment and expansion.
Is it mandatory for the applicant units, both new and existing, to have their operations in Goa?
Yes, in order to be eligible to apply for this scheme, the New and Existing Units must have their operations in Goa.
Is Udyog Aadhaar a mandatory document for this scheme?
Yes, the applicant unit shall be eligible for the benefits under this scheme only up on production of Udyog Aadhaar.
Are the benefits under this scheme guaranteed?
The benefits under this scheme are subject to budgetary allocation. No Promisory Estoppel shall be applicable if benefits are discontinued in case allocation is exceeded.
What is the tentative timeline for the Application scrutiny as per checklist?
The timeline for the Application approval by the Empowered Committee is 30 days from the receipt of the Application.
What is the tentative timeline for the Application approval by the Empowered Committee?
The timeline for the Application approval by the Empowered Committee is 60 days from the receipt of the Application.
How frequently can the incentive under this scheme be claimed, and for what maximum duration in a fiscal year is it allowed?
The incentive under this scheme can be claimed once every fiscal year, up to a maximum duration of 3 years.
What is the maximum annual interest subsidy provided for working capital loans to Smaller Business Units under the scheme, and for how many years is this subsidy applicable?
The scheme offers an interest subsidy on working capital loans for Smaller Business Units, capped at Rs. 5,00,000 per annum. This subsidy is applicable for a period of 3 years.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines www.goa.gov.in (PDF)
- Official Gazette ditc.goa.gov.in (PDF)
- Contact Us www.goa.gov.in
- User Manual For Business Entity services.goaonline.gov.in (PDF)
- Track Application Status goaonline.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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