Goa
Special Incentive Allowance Scheme (Goa IT Policy)
Department of Information Technology, Government of Goa
About This Scheme
A special incentive allowance by the Department of Information Technology, Government of Goa, offering up to ₹2 crore to new and existing IT units based on growth, employment, and other criteria.
Launched in 2018, the "Special Incentive Allowance Scheme" is a key component of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. This initiative aims to establish Goa as a premier geographical and human resource hub for IT Units, encouraging both new investments and the expansion of existing IT businesses within the state. The scheme provides a substantial allowance to eligible units, disbursed once at the end of every three-year period, contingent upon meeting specific performance and employment criteria.
Benefits
- The scheme provides a significant special incentive allowance to eligible IT units operating in Goa.
- Smaller Business Units can receive up to ₹50 lakh, Other Business Units up to ₹1 crore, and Mega Business Units up to ₹2 crore.
- This allowance is provided once at the end of every three-year period and is subject to annual evaluation and budgetary allocation.
- It aims to support the growth and expansion of IT companies within the state by offsetting certain operational expenditures, fostering a conducive environment for technological advancement and employment.
How to Apply
Rolling basis
Quick Info
Amount / Funding
₹50 Lakhs – ₹2 Cr
State / Region
Goa
Ministry / Dept
Department of Information Technology, Government of Goa
Tags
Subsidy