Scheme Name: Interest Subsidy Scheme, 2017.

State: Goa

Description of the Scheme: Objective is to incentivise units for making their enterprises financially viable.

Target group :

Sector of the Scheme:

Eligibility Criteria:

1. Micro, Small and Medium manufacturing industries listed under white, green and orange category, which have commenced production after 01/10/2017 are eligible.
2. Projects of Hinterland Eco-tourism in lesser developed talukas registered with/recognised by Department of Tourism/Goa IPB/Town & Country Planning/PDA/Eco Sensitive Zone Authority will also be eligible to avail benefits subject to fulfillment of all the other eligibility criteria.
3. Enterprises engaging a minimum of 60% of loan manpower on regular employment are eligible for benefits. (For the purpose of this condition, employees who are employed continuously during claim year and are on the payroll of the unit for that year shall be considered.)

Nature & Mode of Assistance:

Period of subsidy:

For all enterprises, period of grant of subsidy shall not exceed seven years, that is 27 continuous quarters subsequent to the quarter in which subsidy is first claimed.

Calculation of subsidy:

• For claims of interest paid on term loan, subsidy will be calculated to the extent of 30% of interest paid, subject to ceiling.
• For claims of interest paid on working capital loan, subsidy will be calculated to the extent of 1½% of total turnover or 30% of interest paid by units/enterprise, whichever is less.

Subsidy will be pro rata increasing from 60% to 100% in a continuous linear scale subject to 60% to 80% of loan employment.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Department of IT, Goa

Whom to Contact: Department of Information Technology, Government of Goa