Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans
By Department of Industries, Government of Goa
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Quick Answer
The Goa State Logistics and Warehousing Incentives Scheme offers a 50% annual interest subsidy, capped at ₹25 lakh per year, on loans for logistics and warehousing projects in Goa.
About this subsidy
The "Goa State Logistics and Warehousing Incentives Scheme" was launched by the Department of Industries, Government of Goa, with the primary objective of bolstering the logistics and warehousing industry within the State. This particular component, "Subsidy Towards Annual Interest Rate Payable On Loans," is designed to provide crucial financial assistance for the development and expansion of projects in this vital sector. The scheme directly addresses the high capital expenditure associated with establishing and growing logistics and warehousing infrastructure by partially offsetting the cost of debt. It offers a reimbursement of 50% of the annual interest amount payable by eligible entities on loans specifically taken for project construction. This incentive aims to reduce the financial burden on businesses, encouraging investment and growth in Goa's logistics and warehousing capabilities. The scheme is meticulously implemented and monitored by the Directorate of Industries, Trade and Commerce (DITC), ensuring timely sanctioning of applications within 90 days from submission. It is an integral part of Goa's broader Logistics and Warehousing Policy 2023, reflecting the state government's commitment to enhancing its industrial infrastructure and creating a supportive business environment for this sector.
Eligibility
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Subsidy providers
Benefits & Funding
- Amount
- Up to ₹25L
What You Get
This scheme provides substantial financial relief by offering a reimbursement of 50% of the annual interest amount payable on loans, specifically taken for the construction of logistics and warehousing projects. The annual subsidy is capped at ₹25,00,000/- per project. Standard projects are eligible for this benefit for 3 consecutive years, while projects in Backward Talukas or those owned by Women/SC/ST Entrepreneurs qualify for 5 consecutive years. This direct financial assistance reduces operational costs and encourages investment in the sector. Additionally, the Directorate of Industries, Trade and Commerce (DITC) provides regulatory support by streamlining the application and sanctioning process, aiming for completion within 90 days.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Upon receiving the application, the DITC reviews it and may raise queries to the applicant for any shortfalls. After initial verification, an official is designated to inspect the entity, verifying all records, documents, and civil works. The inspection reports are uploaded within 48 hours. The application and Inspection Report are then forwarded to the Chief Executive Officer, Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence and recommendation. Following the CEO's recommendation, the DITC prepares an appraisal note for the Incentive Review Committee (IRC). The IRC then convenes to deliberate on the application, scrutinize details, and sanction the claims. The decisions made by the IRC are final and binding regarding the sanctioning of incentives and determining eligible investment.
Application Process
- 1
Register on Goa Online
Register on the Goa Online portal and obtain necessary business approvals.
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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.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the maximum subsidy I can receive per year?
The entitlement per project shall not exceed an annual sum of ₹25,00,000/- (Indian Rupees Twenty-five Lakhs) towards the interest rate subsidy.
For how many years can I avail this subsidy?
Standard projects are eligible for 3 consecutive years. Projects constructed in Backward Talukas or owned by Women Entrepreneurs/Entrepreneurs belonging to Schedule Caste/Schedule Tribe Communities are eligible for 5 consecutive years from the date the loan was taken.
What type of loans are eligible for the interest subsidy?
The applicant must have availed term loans and/or working capital loans from a nationalized bank, scheduled private bank, Co-operative Bank, Economic Development Corporation Limited (EDC Ltd.), or any Non-Banking Financial Institutions recognized by the Reserve Bank of India, specifically for project construction, including land acquisition and related expenses.
Are there any employment criteria for this scheme?
Yes, applicants must provide a minimum of 40% local employment (Goan employees). The quantum of benefit is also tied to local employment: 60% or above Goan employment results in 100% benefits, and more than 40% but less than 60% Goan employment results in 80% benefits.
What happens if I miss an annual claim submission?
If an Entity fails to file the annual claim after the first year, it may still submit the delayed claim in the following year, provided it falls within the overall subsidy eligibility period specified in the scheme guidelines.
Is there a minimum land area requirement for projects?
Yes, minimum land area requirements vary by project category. For example, Logistics Parks require 1 acre, Warehouses require 1,000 square meters (500 sq.m. for backward talukas/women/SC/ST), and Cold Chain Units require 200 square meters (100 sq.m. for backward talukas/women/SC/ST).
