The Government of Goa has framed the “Capital Subsidy Scheme, 2017” to provide financial assistance to the enterprises in the state of Goa. This scheme shall be governed by the Goa State Incentives to Encourage Investments Scheme 2017. This scheme shall come in force with effect from 1st October 2017 and shall remain in force up to 30th September 2022. This Scheme supports industrial development in the State of Goa, facilitate up-gradation of existing industries and make the business financially viable and attractive to small industries.
All Micro and Small-Scale manufacturing units falling under white, green and orange category.
1. All manufacturing units which have commenced commercial production after 1.10.2017.
2. All units which carry out substantial expansion after 1.10.2017 as defined in the umbrella scheme.
3. The units which have availed of Search Results Chief Minister's Rojgar Yojana scheme or any scheme of Government of India/Government of Goa wherein capital subsidy is granted shall not be eligible for benefits under this scheme.
4. The units which are taking or have taken any benefit under the Information Technology Investment Policy of the Department of Information Technology, Government of Goa shall not be eligible for benefits under this scheme.
5. This scheme shall not be applicable to cases which have claimed similar benefit under any other scheme/program of Government of Goa.
1. A capital subsidy of 30% of the cost of capital subject to a ceiling of Rs 10 lakh for micro units, provided the subsidy on building/office is restricted to Rs 5 lakh; shall be granted under this scheme.
2. A capital subsidy of 30% of the cost of capital subject to a ceiling of Rs 20 lakh for small units provided the subsidy on building/office is restricted to Rs 10 lakh shall be granted under this scheme.
However, the cost of land, pre-operative expenses, office equipment and ICT equipment for office use, all types of furniture and ERP software shall not be included while calculating the cost of capital.
For units which have commenced commercial production after 1.10.2017, the eligible purchases made before 1.10.2017 will be considered for calculation of cost of capital subject to CA certification that such purchases have been utilized for the project under claim.
The benefits under this scheme are subjected to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case allocation is exceeded.