Capital Investment Subsidy Scheme for Goan Diaspora
By Department of Information Technology, Government of Goa
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Quick Answer
This scheme offers a capital investment subsidy of up to 20% (up to ₹1 crore) for new and existing IT units in Goa, with additional incentives for Goan Diaspora-owned units and local employment.
About this subsidy
Launched in 2018, the "Capital Investment Subsidy Scheme for Goan Diaspora" is an initiative by the Department of Information Technology, Government of Goa, as part of the Goa IT Policy. The scheme aims to establish Goa as an attractive geographical and human resource base for IT Units, encouraging investment and expansion within the state. It provides a significant capital investment subsidy to eligible units developing or expanding office spaces. The program emphasizes local employment and ownership by the Goan diaspora, offering enhanced incentives for units that meet specific criteria related to local hiring and ownership, such as a pro-rata disbursement based on the percentage of employees of Goan origin or Goan Graduates. This scheme is crucial for fostering a vibrant IT ecosystem in Goa, attracting talent, and boosting economic development by supporting both new ventures and the growth of existing businesses in the IT sector. The benefits are designed to offset capital investments, excluding land and building costs, and are subject to budgetary allocation, ensuring strategic deployment of funds.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
The Government of Goa's information technology department runs a family of incentive schemes for IT and ITES businesses that operate in the state. The schemes cover hiring freshers, office space and rent, power and internet bills, capital investment, patents, quality…
Learn moreBenefits & Funding
- Amount
- ₹10L – ₹1Cr
What You Get
- Capital Investment Subsidy: Up to 20% on capital investments made during the scheme's tenure for new units developing office spaces. Existing units that qualify as Mega Units are also eligible for up to 20% on capital investment incurred in the last 3 years.
- Additional Subsidy for Mega Business Units: An extra 10% subsidy on capital investments for the establishment of Mega Business Units.
- Sector-Specific Incentives: An additional 10% investment subsidy on capital investments for office spaces within industries identified as key focus areas by the Government.
- Goan Diaspora Ownership Incentive: An additional 10% investment subsidy on capital investments shall be provided in case units are owned by the Goan Diaspora.
- Pro-rata Disbursement based on Employment: Incentives shall be disbursed based on the percentage of employees of Goan origin or Goan Graduates: 50% (up to 30% Goan employees), 75% (30% to 60% Goan employees), and 100% (more than 60% Goan employees).
- Expansion Support: Units can avail the investment subsidy for expansions, provided they meet the criteria of an Expansion Unit and new employees for the expansion have been on the rolls for at least one year prior to application.
- Maximum Rebate Caps: The maximum rebate under this provision would be:
- Smaller Business Units: ₹10 lakh
- Other Business Units: ₹50 lakh
- Mega Business Units: ₹1 crore
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Upon incentive application receipt, the application undergoes scrutiny as per a defined checklist, which should be completed within 30 days. Subsequently, the Empowered Committee is responsible for approving the application, a process targeted for completion within 60 days of receipt. Following approval, a Sanction Order is issued, and the disbursement of the subsidy is processed, typically within 90 days from the initial application receipt. It is important to note that all benefits are subject to budgetary allocation. Furthermore, units will be subject to an evaluation at the end of each Fiscal Year to verify their continuing eligibility for the scheme.
Application Process
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Register on Goa Online
Visit the Goa Online portal, register by verifying email/mobile, and create login credentials.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
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Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of the Capital Investment Subsidy Scheme for Goan Diaspora?
The scheme, part of Goa's IT Policy, aims to establish Goa as a preferred destination for IT Units' investment and expansion, leveraging its geographical and human resource potential. It encourages both new ventures and the growth of existing IT businesses in the state.
Which types of businesses are eligible to apply for this subsidy?
The scheme is open to New and Existing Units operating in Goa, including Proprietorship Firms, Private Limited Companies, Public Limited Companies, Registered Partnership Firms, and Limited Liability Partnerships. They must have operations in Goa and be registered there.
What is the maximum subsidy an eligible unit can receive under this scheme?
The maximum rebate varies by business unit size: ₹10 lakh for Smaller Business Units, ₹50 lakh for Other Business Units, and ₹1 crore for Mega Business Units. This is in addition to a general subsidy rate of up to 20% on capital investments.
Are there additional benefits for Goan Diaspora-owned units or units employing Goan talent?
Yes, units owned by the Goan Diaspora receive an additional 10% investment subsidy. Furthermore, incentive disbursement is pro-rata based on the percentage of Goan employees, with 100% of the eligible incentive for units with over 60% Goan employees.
What are the key employee requirements for eligibility?
Companies/firms must hire a minimum of 15 employees, with at least 60% of them being of Goan Origin. These employees must also have been on the company's rolls for a minimum period of one year prior to the application date.
How frequently can an applicant apply for the scheme?
Applicants can apply for this scheme on a quarterly, bi-annual, or annual basis after incurring the relevant expenditure, indicating a flexible application process tied to investment cycles rather than a fixed deadline.
