Goa Startup Policy 2021 Document

Below is a list of schemes outlined in the STARTUP POLICY 2021. For detailed scheme information, please refer "https://www.startup.goa.gov.in/"

1. Reimbursement of Expenses for Startups Operating from Leased/ Privately Owned Premises Scheme
2. Grant for Incubation Centers within Educational Institutes Scheme
3. IPR Reimbursement Scheme
4. R&D Reimbursement Scheme
5. Co-Working Spaces/ Incubators/ Accelerators Subsidy Scheme
6. Seed Capital Scheme
7. Skill Development Promotion Scheme
8. Trademark Reimbursement Scheme
9. Salary Reimbursement Scheme

• Department of IT along with Government of Goa has notified the �IT Policy� in August, 2018.
• CapitalInvestment Subsidy Scheme
1. All New Units developing office spaces will be eligible for a capital investment subsidy up to 20% on the capital investments made during the tenure of the Scheme.
2. An additional 10% subsidy on the capital investments made will be provided in case of establishment of Mega Business Units.
3. All Existing Units, which qualify as Mega Units are also eligible for capital investment subsidy up to 20% of the capital investment incurred in the last 3 years prior to the date of notification of this policy.
4. An additional 10% subsidy on the capital investments will be provided for the establishment of office spaces for the industries identified as key focus areas for the Government.


• Registration & Stamp Duty Subsidy Scheme
1. All New and Existing Units shall be eligible for reimbursement of the stamp duty, such that the registration and stamp duty charges will not exceed INR 100/- and the excess amount paid to the authorities concerned will be reimbursed


• Power Subsidy Scheme
1. All Units operating in Goa will be provided 20% subsidy on power bills (on the power charges, excluding any duty and taxes, but not on the total bill), subject to a maximum of INR 5 lakh per annum per Unit whichever is lower.


• Solar Power Subsidy Scheme
1. All Units operating in Goa running on 100% solar energy will be eligible for a reimbursement of 10% of their capital cost of the installation of Solar Power Generation Unit subject to a maximum subsidy of INR 50 lakh.


• Internet Subsidy Scheme
1. All New & Existing units can avail a 25% reimbursement on high speed bandwidth, subject to a maximum of INR 5 lakh per annum whichever is lower.


• Salary Subsidy Scheme
1. All New and Existing Units can avail a salary subsidy for Fresher�s recruited during the operation period of the Policy. The subsidy would be provided as a matching grant to salary paid to Fresher�s up to INR 10,000 per Fresher per month (INR 12,500 for female Fresher) for a period of 2 continuous years of operation post the notification of this policy.


• Campus Recruitment Assistance Scheme
1. A recruitment assistance of INR 10,000 per Fresher will be provided to the Existing and New units that recruit through Campus recruitment from the educational institutes located in Goa.


• Patent Filing Reimbursement Scheme
1. All New and Existing Units located within Goa shall be eligible for a total reimbursement of up to INR 25 lakh per unit for the expenses incurred towards filing of patents during the policy period. This incentive shall be provided in the form of reimbursement of up to INR 2.5 lakh for every successful domestic patent, and up to INR 5 lakh for every successful international patent.


• Quality Certification Reimbursement Scheme
1. All New and Existing Units shall be eligible for a reimbursement of the cost of industry standard quality certification. This incentive may be claimed only once for any number of certifications acquired during the policy period. The maximum amount that may be availed under this reimbursement is capped at INR 5 lakh per unit.


• Market Support Scheme for Smaller Business Units
1. A reimbursement of 50% of the exhibition rental cost for will be provided for participating in national/ international exhibitions, limited to 9 square metres of space, subject to approval by the Government.


• Performance Linked Grant Scheme for Smaller Business Units
1. Smaller Business Units that record a growth of 15% y-o-y turnover for a period of any three consecutive years during the operation of the policy, will be provided a performance grant of 5% of the reported net income subject to a total cap of INR 25 lakh.


• Interest Subsidy Scheme for Smaller Business Units
1. For Smaller Business Units, interest subsidy on working capital loan will be provided, subject to a maximum of INR 5 lakh per annum, for a period of 3 years.


• Lease Rental Rebate Scheme for Goan Diaspora
1. A 100% reimbursement of the lease rentals will be provided for a period of first 6 months of operations. Further, a reimbursement of INR 35 per sq. ft. or 80% of the total lease rentals; whichever is lower; will be provided up to a maximum period of 2 years.


• Capital Investment Subsidy Scheme for Goan Diaspora
1. All New Units developing office spaces will be eligible for a capital investment subsidy up to 20% on the capital investments made during the tenure of the Scheme.
2. An additional 10% subsidy on the capital investments made will be provided in case of establishment of Mega Business Units.
3. All Existing Units, which qualify as Mega Units are also eligible for capital investment subsidy up to 20% of the capital investment incurred in the last 3 years prior to the date of notification of this policy.
4. An additional 10% subsidy on the capital investments will be provided for the establishment of office spaces for the industries identified as key focus areas for the Government.
5. An additional 10% investment subsidy on the capital investments shall be provided in case of units are owned by the Goan Diaspora.


• Certification Program for Goan IT Professionals
1. Goan IT Professionals can avail reimbursement up to 50% of the expenditure incurred for obtaining certifications for improving their employability.
2. These Certifications should be by vendors or by Authorised Training Partners of the Vendors. Department of IT would come up with the list of courses/ certifications (which would be updated from time to time) which can be considered for reimbursement under this scheme.


• Special Incentive Allowance Scheme
1. New and Existing Units would be provided with the following special incentive allowance once at the end of every three year period
1. Smaller Business Units: INR 50 lakh
2. Other Business Units: INR 1 crore
3. Mega Business Units: INR 2 crore

The Government of Goa has formulated a scheme �Empower ST/SC Communities using ICT tools� that offers IT Training programmes free of cost to Schedule Tribe (ST)/Schedule Caste (SC) Communities.
• The objective of the Scheme is :
  o To provide basic computer skills to the local youth, housewives and other citizens.
  o To provide various Job oriented IT Training course including training for BPO Operations/ Call Center Executives.
  o To provide structural training programmes depending on the needs.
  o To make at least one person in each families in the State as an IT Literate.
  This scheme is implemented through the IT Knowledge Centres (ITKCs) located at various areas in the State. M/s Info Tech Corporations of Goa Ltd is the implementing agency of these ITKCs.
  For more details please visit https://infotech.goa.gov.in/itkc.html
  
  

• Eligibility Criteria:
1. The student should be born is the State of Goa.
   The student must belong to ST or SC community.
   The student is required to pass class X examination of Goa Board in first attempt.
   The student has to score at least 70 per cent (aggregate) in class X examination of Goa Board
   The student should be schooling in the taluka in which he/she is considered meritorious.
   In case of a male student, he should feature in the Top 5 among the Class X male (ST/SC) students of the taluka.
   In case of a female student, he should feature in the Top 5 among the Class X female (ST/SC) students of the taluka.


• Procedure to apply for scheme:
1. Students fulfilling the eligibility criteria may apply for the scheme by filling the prescribed online application form using https://merit.goa.gov.in
   For technical support write to topper.helpdesk@gmail.com or call 9607963089/9607963098


• Documents to be submitted with online application:
1. Birth certificate of the applicant issued by the competent authority of Government of Goa.
   Mark Sheet issued by the Goa Board of Secondary & Higher Secondary Education.
   Consent of Parent in prescribed format.
   Photo ID proof of applicant (Aadhaar Card/School ID card etc.)
   ID Proof of Parent displaying signature (PAN Card/Passport/Driving License etc.)
   An attested copy of Caste Certificate issued by the competent authority of Government of Goa


• Procedure for scrutiny:
1. Applicants having their applications completed in all respect will only be considered for the scheme.
   The complete application will be reviewed by the scrutinizing committee of Info Tech Corporation of Goa Ltd.
   Start and last date for applying for the scheme will be announced by ITG every year.