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

Key Features

• Interest Reimbursement for Project Loans - The scheme provides financial assistance in the form of interest reimbursement on loans used for construction or development of logistics and warehousing facilities. This helps enterprises reduce the financial burden of borrowing funds for infrastructure creation.
• 50% Subsidy on Annual Interest - Eligible enterprises may receive 50% reimbursement of the annual interest paid on eligible loans. This support significantly reduces the effective interest cost of project financing during the initial years of infrastructure development.
• Maximum Subsidy Cap of ₹25 Lakh Per Year - The reimbursement amount is limited to ₹25 lakh per year for each project. Even if the calculated subsidy based on interest payments exceeds this amount, the enterprise can receive only up to the prescribed annual cap.
• Support for Up to Five Years - The subsidy can be claimed for a maximum period of five consecutive years, subject to eligibility conditions and compliance with scheme guidelines. Some public summaries indicate that the benefit may be available for three to five years, depending on the project and approval conditions.
• Employment-Linked Incentive Eligibility - The level of benefit under the scheme is linked to employment generation for local residents. Enterprises employing 60% or more Goan workers may receive full benefits, while those employing 40% to 60% Goan workers may receive partial benefits. Enterprises employing less than 40% local workers are generally not eligible.
• Part of a Package of Logistics Incentives - This subsidy is one among multiple incentive components under the Goa logistics incentive framework, designed to encourage investment in logistics infrastructure and strengthen the supply chain ecosystem in the state.

Financial Assistance

Eligibility Criteria

To qualify for the subsidy, the applicant must meet the following conditions:

• The applicant must operate as a logistics or warehousing service provider in Goa.
• The enterprise must undertake eligible logistics infrastructure projects in the state.
• The scheme generally applies to non-mega enterprises.
• The applicant must have a valid PAN and regularly file Income Tax Returns.
• The project must involve loans taken for construction or development of logistics infrastructure.
• Enterprises must comply with local employment requirements:
  • 60% or more Goan employees – eligible for full benefits
    40% to 60% Goan employees – eligible for partial benefits
    Below 40% Goan employees – not eligible for benefits
• The enterprise must comply with all applicable regulations related to operations, taxation, and labour.

Documents Required

• PAN card of the enterprise
• Proof of regular Income Tax Return filing
• Business registration certificate
• Loan sanction letter from bank or financial institution
• Bank certificate or statement showing interest paid on the loan
• Detailed project report for the logistics or warehousing facility
• Employee records showing percentage of Goan employees
• Bank account details of the enterprise

Application Process

Option 1: Apply with Bullit, Recommended

Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.

Option 2: Apply Online / Offline (Government Process)

Online Process

1. Visit the official Goa Online services portal.
2. Register your enterprise or log in with existing credentials.
3. Select the logistics incentive scheme related to interest subsidy.
4. Fill in the application form with project and loan details.
5. Upload the necessary documents.
6. Submit the application and receive an acknowledgement number.

Offline Process

1. Obtain the application form from the Directorate of Industries, Trade and Commerce office.
2. Fill in the required details about the enterprise and project loan.
3. Attach supporting documents including loan sanction details and interest payment proof.
4. Submit the completed application at the department office.
5. Collect acknowledgement of submission.
6. The application will be reviewed by the designated authority before approval.