The Goa State Incentives to Encourage Investments Scheme
By Directorate of Industries, Trade and Commerce, Government of Goa
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Quick Answer
Goa gives new and expanding Micro and Small manufacturing units financial assistance up to 50% of capital investment, 70% in lesser developed talukas, plus 10% extra for women and SC/ST.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- Rolling
- Eligible stage
- Revenue
- Location
- Goa
- Registrations needed
- Udyam registration
About this subsidy
The Directorate of Industries, Trade and Commerce (DITC), Government of Goa, backs new and expanding manufacturing units in the Micro or Small sector. Assistance can reach 50% of cumulative capital investment, or 50% of the expansion investment for substantial expansion. In lesser developed talukas it rises to 70%. Women, SC and ST entrepreneurs get an additional 10%. Disbursements above ₹20,00,000 need Government approval.
Your unit must have started production on or after October 1, 2017. Units that started on or after October 1, 2007 can also apply if they have not used benefits under the old schemes (Schedule B). Units that partly used old-scheme benefits can continue under this one. Units that used them but have since expanded substantially are also eligible.
The lesser developed talukas are Pernem, Satari, Bicholim, Sanguem, Quepem, Canacona and Dharbandora.
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
Benefits & Funding
What You Get
This scheme provides substantial financial assistance for manufacturing units in Goa. For new units or those not previously availing benefits, the maximum cumulative financial assistance can be up to 50% of the cumulative capital investment. This is increased to 70% of the cumulative capital investment for units established in designated lesser developed talukas of Goa. Similarly, for units undertaking substantial expansion, the benefit is 50% of the expansion investment, also increasing to 70% for those in lesser developed talukas. To further encourage inclusive entrepreneurship, an additional 10% benefit is extended to all women, Scheduled Caste (SC), and Scheduled Tribe (ST) entrepreneurs. Financial sanctions for disbursements under this scheme can range significantly, with amounts above ₹20,00,000 per disbursement requiring approval by the Government, ensuring support for projects of varying scales. The assistance is designed to directly support investment and growth, ensuring funds are released efficiently upon sanction.
- Disbursement
- Milestone Based
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for The Goa State Incentives to Encourage Investments Scheme involves a multi-stage evaluation. Initial applications, filed after registration under the Umbrella Scheme, are first reviewed by the Task Force Committee (TFC). This committee, comprising senior officials including the Chief Executive Officer of the Goa Investment Promotion and Facilitation Board as Chairman and the General Manager (DIC) of the Directorate of Industries, Trade and Commerce as Member Secretary, thoroughly scrutinizes each submission. The TFC's primary role is to assess the eligibility and merit of the applications and then to formulate recommendations regarding the benefits to be granted under the specific target schemes. Following the TFC's recommendations, the application moves to the financial sanction stage. Here, the final approval or rejection of benefits is made by the competent financial authority. This authority varies based on the amount of sanction requested: the Director of Industries, Trade and Commerce handles amounts up to ₹10,00,000, the Secretary, Department of Industries, handles amounts up to ₹20,00,000, and the State Government approves any benefits exceeding ₹20,00,000. This tiered approach ensures appropriate oversight for different levels of financial commitment. The entire sanctioning process is designed to be completed within one month of the TFC's recommendation.
Application Process
- 1
Register under Umbrella Scheme
Register using the common application form (Schedule ‘E’), providing unit, investment, and promoter details.
You - 2
- 3
- 4
- 5
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
Who launched The Goa State Incentives to Encourage Investments Scheme?
The scheme was officially launched by the Directorate of Industries, Trade and Commerce (DITC), Government of Goa, as part of their efforts to promote industrial growth and investment in the state.
What are the primary objectives of this scheme?
The scheme aims to achieve several key objectives: to create sustainable employment opportunities for the people of Goa, to support environmentally sustainable industrial development, to accelerate investment within the state, to enhance the competitiveness of existing industries in Goa, and to provide the benefits of Investment Policy schemes to eligible beneficiaries in a timely and efficient manner.
What is the maximum financial assistance available under this scheme?
The maximum cumulative financial benefit for eligible units is 50% of their cumulative capital investment. This can be increased to 70% of the cumulative capital investment if the unit is located in one of Goa's designated lesser developed talukas. Additionally, women, Scheduled Caste (SC), and Scheduled Tribe (ST) entrepreneurs can receive an extra 10% benefit on top of these percentages.
Which types of units are eligible for this scheme?
The scheme is open to new or existing manufacturing units that are classified under the Micro or Small sector. Eligibility also depends on their production start date (on or after October 1, 2017) or whether they have undertaken substantial expansion, or if they are existing units that haven't fully exhausted benefits from older schemes.
How does the application process work for this scheme?
Applications for the scheme are accepted offline. The process involves an initial registration under the Umbrella Scheme using a common application form (Schedule ‘E’), followed by filing a specific application for the relevant Target Scheme with the Director, DITC. The application for target schemes must be submitted as per prescribed proforma and within specified timelines, usually detailed in Schedule A of the scheme guidelines.
What is the fund sanction and disbursement process?
Submitted applications are first scrutinized and recommended by a Task Force Committee. Based on their recommendation, a competent financial authority will sanction or reject the benefits within one month. Financial sanctions are tiered: up to ₹10 lakh by the Director, up to ₹20 lakh by the Secretary, and amounts above ₹20 lakh by the Government. Funds are then disbursed directly to the beneficiary's bank account from the DITC within fifteen days of receiving the sanction order, subject to fund availability and submission of all required documents and a self-declaration.
