How to Apply for Goa State Incentives to Encourage Investments Scheme: Up to 70% Support

Step 1 — Register under the Umbrella Scheme. The applicant first registers under the broader Umbrella Scheme using the common application form, Schedule 'E', attached to the scheme guidelines. This form captures the unit's registration particulars — Permanent Registration Certificate, Entrepreneurs Memorandum–II or Udyog Aadhaar Memorandum number and date — along with the Cumulative Capital Investment and the proprietor's or promoter's personal details, including Aadhaar number and whether the SC, ST or Woman category benefit is being claimed.

Step 2 — File the target scheme application. After umbrella registration, a detailed application must be submitted to the Director, Directorate of Industries, Trade and Commerce, in the prescribed proforma for the specific target scheme being claimed. The application has to be filed within the timelines set out in Schedule A for that scheme. Each target scheme's applications are accepted and processed by the Task Force Committee only during its defined window.

Step 3 — Scrutiny and recommendation by the Task Force Committee. The application is examined by the designated Task Force Committee (TFC), which is constituted under the Umbrella Scheme. It is chaired by the Chief Executive Officer of the Goa Investment Promotion and Facilitation Board, with the General Manager (DIC) of the DITC serving as Member Secretary. The TFC assesses eligibility and merit and recommends the benefits to be granted.

Step 4 — Financial sanction by the competent authority. A competent financial authority then approves or rejects the benefits, normally within one month of receiving the TFC's recommendation. The approving authority depends on the amount: sanctions up to ₹10,00,000 per disbursement rest with the Director of Industries, Trade and Commerce; amounts between ₹10,00,000 and ₹20,00,000 per disbursement go to the Secretary, Department of Industries; and anything above ₹20,00,000 per disbursement per scheme requires Government approval.

Step 5 — Disbursement to the beneficiary. Once approved, payment is released directly to the beneficiary from a Savings Bank Account held by the DITC at a Nationalized or Commercial Bank, subject to availability of funds. Payment is normally made within fifteen days of the beneficiary receiving the sanction order, provided all required documents and the affidavit-cum-self-declaration in the format prescribed by the target scheme have been submitted.