LRSGD

The "Lease Rental Rebate Scheme for Goan Diaspora" is one of the "IT Policy Schemes" by the Dept of IT, Govt of Goa. The objective is to provide Lease Rental Rebate for Goan Diaspora. A 100% reimbursement of the lease rentals will be provided for a period of first 6 months of operations.

Launched in 2018, the "Lease Rental Rebate Scheme for Goan Diaspora" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. The objective and the scope of this scheme is to provide Lease Rental Rebate for Goan Diaspora. A 100% reimbursement of the lease rentals will be provided for a period of first 6 months of operations. The scheme has been framed as a part of Goa's IT Policy that envisages Goa as an aspirational geographical and human resource base for IT Units and a preferred destination for their investment and expansion.

• The applicant should be a New/Existing Unit.
• The applicant should have their operations in Goa.
• The applicant should be one of the following:

• Proprietorship Firm
• Private Limited Company incorporated under the Companies Act, 2013 (or equivalent)
• Public Limited Company incorporated under the Companies Act, 2013 (or equivalent)
• Registered Partnership Firm incorporated under the Indian Partnership Act, 1932 (or equivalent)
• Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008 (or equivalent)

• The bank accounts of the unit and/or its partner(s)/director(s) should be linked to Aadhaar.
• The unit should be operational for at least one year prior to the date of application.
• For a said office space, an IT unit can avail lease rental rebate only if the unit has operated from the said office space for a period of more than one year.
• The company/ firms should be registered in Goa.
• The company/ firms' CEO / Head or the Majority Stakeholder(s) should be Goan Diaspora.
• The company/ firm should hire minimum 15 employees and minimum 60% of those employees should be of Goan Origin.
• The employees should be on the rolls of the company for a minimum period of one year.

NOTE: Units will be subject to evaluation at the end of Fiscal Year to verify eligibility for continuing to receive subsidy under this scheme.

• A 100% reimbursement of the lease rentals will be provided for a period of first 6 months of operations.
• A reimbursement of ₹ 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.
• Incentives shall be disbursed on a prorata basis based on the percentage of Employees of Goan origin or Goan Graduates:

• Upto 30% of employees on rolls of the company: 50%
• 30% to 60% employees on rolls of the company: 75%
• More than 60%employees on rolls of the company: 100%

NOTE 1: The benefits under this scheme are subject to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case the allocation is exceeded.

NOTE 2: Only expenditure incurred during the operation of the policy will be considered.

The units availing similar financial incentives under any other policy of the Government of Goa are not eligible for availing benefits under this scheme.