Goa
Salary Reimbursement Scheme
Goa Startup Mission
About This Scheme
Goa Government scheme to reimburse up to 50% of fresher salaries (up to ₹10,000/month) or up to 25% of local workforce salaries (up to ₹25 lakh/year) for up to 3 years.
The "Salary Reimbursement Scheme" by the Department of Information Technology, Electronics and Communications, Government of Goa (Start-up Promotion Cell (SPC) / Goa Startup Mission), aims to bolster startup growth by incentivizing the hiring of local talent. Startups can reimburse 50% of fresher salaries (capped at ₹10,000 per month per recruit) or up to 25% of the local workforce salary (capped at ₹25 lakh per year) for up to 3 years. The process ensures prompt disbursement post SPC approval, emphasizing that benefits are discretionary, not entitlements.
Benefits
- This scheme offers significant financial relief to Goa-based startups.
- For hiring local freshers, startups can get 50% of the salary reimbursed, capped at ₹10,000 per month per recruit.
- A startup can claim for a maximum of 25 people per month for 3 years.
- For startups with a workforce comprising 60% locals, up to 25% of the local workforce's salary will be reimbursed, subject to a cap of ₹25,00,000 (₹25 lakh) per year, for 3 years.
- This also covers a maximum of 25 people.
- Additionally, the program ensures prompt disbursement within 60 days of SPC approval.
How to Apply
Rolling basis
Quick Info
Amount / Funding
₹15,000 – ₹75 Lakhs
State / Region
Goa
Ministry / Dept
Goa Startup Mission
Tags
Subsidy