Goa State Incentives to Encourage Investments Scheme: Up to 70% Support — Frequently Asked Questions

For a new unit, or one that has not previously taken benefits, cumulative assistance can reach 50% of its cumulative capital investment. If the unit is in a designated lesser developed taluka, the ceiling is 70%. For a unit carrying out substantial expansion, the figures are 50% of the expansion investment, rising to 70% in a lesser developed taluka. Women, Scheduled Caste and Scheduled Tribe entrepreneurs receive an additional 10% benefit over and above these levels.

The scheme is open to manufacturing units that are new or already existing and that fall under the Micro or Small sector, unless a particular target scheme says otherwise. The unit must have started production on or after 1 October 2017, or fit one of the older-unit routes: production after 1 October 2007 with no benefits yet drawn under the old Schedule B schemes, partial use of old-scheme benefits, or a substantial expansion carried out during this scheme's validity period after having taken old-scheme benefits.

The scheme itself runs on a rolling basis, so there is no single last date for the programme. However, applications for each target scheme are accepted and processed by the Task Force Committee only during the specific window defined for that scheme in Schedule A, and they must be filed within those timelines. That makes it important to check the Schedule A period for the target scheme you are claiming before you file.

No. This is a grant-type incentive scheme — it extends financial assistance towards a unit's capital investment or expansion investment, and it does not require the promoter to give up any equity or ownership in the business. The support flows as a sanctioned and disbursed benefit rather than as an investment into the company.

Entrepreneurs belonging to the Woman, Scheduled Caste or Scheduled Tribe category receive an additional 10% benefit on top of the applicable assistance. That is, the extra 10% stacks on the 50% or 70% ceiling that the unit otherwise qualifies for, depending on its location and whether it is new or expanding.

Yes. Units located in the designated lesser developed talukas — Pernem, Satari, Bicholim, Sanguem, Quepem, Canacona and Dharbandora — are eligible for up to 70% of cumulative capital investment (or 70% of expansion investment in the case of substantial expansion), compared with 50% for units elsewhere in Goa.

The common application form under the Umbrella Scheme, Schedule 'E', asks for the unit's registration particulars such as the Permanent Registration Certificate, Entrepreneurs Memorandum–II or Udyog Aadhaar Memorandum number and date. It also requires details of the Cumulative Capital Investment and the proprietor's or promoter's personal particulars, including Aadhaar number and whether an SC, ST or Woman category benefit is being claimed. At the disbursement stage, the beneficiary must submit all necessary documentation along with an affidavit-cum-self-declaration in the format specified by the target scheme.

There are two application steps. First, register under the Umbrella Scheme using the common application form, Schedule 'E'. Second, submit a detailed application in the prescribed proforma for the target scheme you want, addressed to the Director, Directorate of Industries, Trade and Commerce, within the Schedule A timeline for that scheme. The scheme guidelines and application form are published on the Government of Goa website.

After the Task Force Committee reviews your application and makes its recommendation, the competent financial authority normally decides on sanction or rejection within one month. Once the sanction order reaches you and you submit the required documents and the affidavit-cum-self-declaration, payment is typically released within fifteen days, drawn from the DITC's Savings Bank Account at a Nationalized or Commercial Bank and subject to availability of funds.

Approval is tiered by amount. Sanctions up to ₹10,00,000 per disbursement are approved by the Director of Industries, Trade and Commerce. Amounts between ₹10,00,000 and ₹20,00,000 per disbursement are approved by the Secretary, Department of Industries. Anything above ₹20,00,000 per disbursement per scheme must be approved by the Government.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Goa State Incentives to Encourage Investments Scheme: Up to 70% Support, though having it can strengthen your application and unlock other benefits.

Goa State Incentives to Encourage Investments Scheme: Up to 70% Support is offered by Directorate of Industries, Trade and Commerce, Government of Goa, a government body. It is provided as non-dilutive funding.