Goa State Logistics and Warehousing Incentives Scheme: Subsidy Towards Annual Interest Rate Payable On Loans

The Department of Industries, Government of Goa, introduced the "Goa State Logistics and Warehousing Incentives Scheme" to support the growth of the logistics and warehousing sector. A specific component of this scheme, "Subsidy Towards Annual Interest Rate Payable On Loans," offers financial assistance for project development and expansion. It addresses the significant capital costs involved in building logistics infrastructure by partially offsetting debt expenses.

Eligible entities can receive a reimbursement of 50% of the annual interest paid on loans taken specifically for project construction. The Directorate of Industries, Trade and Commerce (DITC) administers the scheme and processes applications within 90 days of submission. This initiative forms part of Goa's Logistics and Warehousing Policy 2023, aimed at strengthening the state's industrial infrastructure and fostering a conducive environment for the sector.

1. **Register on the Goa Online Portal:** Go to the official Goa Online website (www.goaonline.gov.in) and select "Register" in the top right corner. Authenticate your email address and mobile number using the OTP sent to each. 2. **Complete the Registration Form:** Provide all required details on the Registration Page. Set a Login Name and Password, review and accept the Declaration and Terms & Conditions, enter the Captcha Code, and press "Register/Signup". 3. **Log In to the Portal:** Access the site with your chosen Login Name and Password, input the Captcha Code, and click "Login". 4. **Locate the Application Form:** From the top ribbon, choose "Services", then "IT Services", and select "Incentives on Logistics and Warehousing Sector" to open the relevant application form. 5. **Fill In and Attach Documents:** Complete every mandatory field in the form and upload all required supporting documents. 6. **Submit the Application:** Once submitted, a unique registration number will be issued. Keep this number safe, as it is needed for future reference and to track the application's status.

After the DITC receives an application, it reviews the submission and may ask the applicant to address any deficiencies. Once the initial check is complete, an official is assigned to visit the entity and examine its records, documents, and civil works. The findings from this inspection are uploaded within 48 hours.

The application, along with the inspection report, is sent to the Chief Executive Officer of the Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence and a recommendation. Based on the CEO's input, the DITC prepares an appraisal note for the Incentive Review Committee (IRC). The IRC then meets to evaluate the application, review the details, and approve the claims. Its decisions on sanctioning incentives and determining eligible investment are final and binding.