The Goa State Incentives to Encourage Investments Scheme

DBT (direct benefit transfer): No

Categories: Business & Entrepreneurship, Skills & Employment

Sub-categories: Setting up / start-up / entrepreneurship, Employment services and jobs, Welfare measures, Entrepreneurship development

Target beneficiaries: Business Entity

Tags: Enterprise, Investment, Employment, Manufacture, Entrepreneur

• Financial Assistance for New/Non-Availing Units
• The maximum cumulative Financial benefit under schemes to all industries shall be 50% of the Cumulative Capital investment at original value in the unit
• This is increased to 70% of the Cumulative Capital investment at original value in the unit in case of lesser developed talukas. Financial Assistance for Substantial Expansion
• For units defined under clause (c) iv of eligibility criteria (Substantial Expansion) in the scheme guidelines, the benefit is 50% of the Substantial Expansion investment.- This is increased to 70% of the Substantial Expansion investment in case of lesser developed talukas. Additional Benefit for Specific Entrepreneurs
• A maximum of 10% additional benefit is provided to all women and Scheduled Caste (SC)/Scheduled Tribe (ST) entrepreneurs

If I am a woman entrepreneur applying for this scheme, am I eligible for any specific preferential benefit or enhanced financial support?

Yes, all women entrepreneurs are eligible to receive a maximum of 10% additional financial benefit under the scheme. <br>

Are Micro and Small sector manufacturing units the only types of enterprises that are generally eligible to apply for the benefits provided under the target schemes?

Generally, yes, target schemes are applicable to Micro and Small manufacturing units, unless the respective target scheme specifically includes Medium and Large manufacturing units or service units. <br>

If my unit has already been established and commenced production several years ago, but I have never previously utilized any benefits from the designated old incentive schemes, will my unit still qualify for financial support?

Yes, units that went into production on or after 01-10-2007 but have not previously availed of any benefits under the specified old schemes are eligible to apply for incentives under this scheme. <br>

What specific minimum percentage of investment must be demonstrated by an existing unit to qualify as having undergone a substantial expansion?

The cumulative investment made in the unit since 01-10-2017 must equal at least 25% of the cumulative gross investment at the original value recorded as of 30-09-2017. <br>

What is the necessary document that must be submitted by the applicant at the time of final fund transfer to ensure the sanctioned benefit amount is released?

The beneficiary must submit the necessary documentation/details along with an affidavit cum self-declaration in the format appended to the respective target scheme. <br>

If a unit has already availed of benefits under previous incentive schemes, what requirement must be met if they wish to apply for financial assistance under the new target schemes?

Such a unit must have carried out substantial expansion during the validity period of this new scheme to be eligible to avail benefits under the target schemes. <br>

For the purpose of applying for financial assistance, how is "Substantial Expansion" defined when calculating the eligible investment base for the financial benefit?

For units undergoing expansion, the maximum cumulative financial benefit for units in developed talukas is calculated as 50% of the documented Substantial Expansion investment. <br>

As an applicant seeking incentives for my enterprise, what standard forms of registration are accepted by the Directorate of Industries, Trade and Commerce to prove my unit's existence?

You must submit a copy of either the Udyog Aadhaar Memorandum, the Permanent Registration Certificate issued by the Directorate of Industries, Trade and Commerce, or the Entrepreneurs Memorandum–II. <br>

Is there a provision within the scheme that offers additional incentives or preference specifically toward entrepreneurs who belong to the Scheduled Caste category?

Yes, Scheduled Caste (SC) entrepreneurs are eligible to receive a maximum of 10% additional financial benefit under the scheme. <br>

If I represent a manufacturing unit that has not yet started operations, what is the earliest production commencement date required for my unit to be eligible for these incentives?

Your unit must be going into production on or after 01-10-2017 to meet the eligibility requirements for the target schemes. <br>

For a unit that qualifies based on having carried out a substantial expansion, what is the maximum cumulative financial benefit percentage they can receive if located in a lesser developed taluka?

For units defined under this criterion that are located in lesser developed talukas, the maximum benefit provided shall be 70% of the cost of the Substantial Expansion investment. <br>

Is there a provision within the scheme that offers additional incentives or preference specifically toward entrepreneurs who belong to the Scheduled Tribe category?

Yes, Scheduled Tribe (ST) entrepreneurs are eligible to receive a maximum of 10% additional financial benefit under the scheme. <br>

What is the highest percentage of total investment that can be covered by the cumulative financial benefit awarded to units located in developed areas of the State?

For eligible new units or non-availing existing units in developed areas, the maximum cumulative financial benefit is limited to 50% of the Cumulative Capital investment at original value in the unit. <br>

If my unit has previously utilized some, but not all, of the financial benefits available under the older incentive schemes, will I be allowed to continue receiving the balance of those benefits?

Yes, units that have gone into production on or after 01-10-2007 but have not completely exhausted the benefits of the old schemes are eligible for continuing benefit to the extent specified in this scheme. <br>

• https://www.myscheme.gov.in/schemes/tgsieis
• https://www.goa.gov.in/wp-content/uploads/2019/10/umbrella-amendment.pdf

• Scheme Guidelines