Interest Subsidy Scheme for Smaller Business Units
By Department of Information Technology, Government of Goa
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Quick Answer
A scheme by the Department of Information Technology, Government of Goa, offering interest subsidy on working capital loans for eligible IT units operating in Goa, for up to 3 years.
About this subsidy
Launched in 2018, the "Internet Subsidy Scheme" (part of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa) aims to position Goa as an attractive hub for IT units. This scheme specifically provides an Internet Subsidy to eligible Information Technology Units operating within the State of Goa. It is open to both new and existing units looking to invest and expand their operations in Goa. The policy underscores the state's vision to be an aspirational geographical and human resource base for IT units, fostering their growth and development.
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
- Up to ₹5L
What You Get
This scheme provides a significant financial benefit to eligible Information Technology Units in Goa by offering an interest subsidy on working capital loans. Units can receive up to ₹5,00,000 per annum for a period of 3 years. This subsidy helps reduce the financial burden of interest payments, thereby improving the cash flow and operational viability of smaller business units within the IT sector. The incentive can be claimed once every fiscal year, subject to budgetary allocations, providing consistent support over the three-year period.
- Disbursement
- Reimbursement
- Duration
- 37 months
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications will undergo scrutiny based on a predefined checklist to ensure all eligibility criteria and documentation requirements are met. Approved applications will then be presented to an Empowered Committee for final approval. Upon committee sanction, a Regret Letter or Sanction Order will be issued, followed by the disbursement of the subsidy.
Application Process
- 1
Apply Online
Submit the application form and required documents on the Goa Online portal.
You - 2
- 3
- 4
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.
- 4
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 main benefit of this scheme?
The scheme provides an interest subsidy on working capital loans to eligible Information Technology Units operating in Goa.
What is the maximum subsidy I can receive?
You can receive a maximum of ₹5,00,000 per annum under this scheme.
For how long is the subsidy provided?
The interest subsidy is provided for a period of 3 years.
Who is eligible to apply for this scheme?
New and existing IT units operating in Goa, registered as Proprietorships, Private or Public Limited Companies, Registered Partnership Firms, or Limited Liability Partnerships, with Aadhaar-linked bank accounts are eligible.
How often can I claim the incentive?
The incentive can be claimed once every fiscal year, for a maximum of 3 years, after incurring the relevant expenditure.
