What is the maximum reimbursement I can receive annually?

The maximum reimbursement an eligible unit can receive under this scheme is ₹5,00,000/- per financial year.

How long can I avail the benefits of this scheme?

An eligible unit may avail the benefit under this scheme for five consecutive years from the date of the first application.

What is considered a 'local purchase' for this scheme?

Local purchases refer to any industrial input, including consumables, bought from Goa (whether manufactured in Goa or not), excluding services. The value considered for calculation will exclude Goods and Services Tax (GST).

When should I submit my application?

Applications for this scheme are accepted annually and must be filed in the specified format after the closure of every financial year.

Which types of businesses are eligible for this scheme?

The scheme is open to industrial units classified under the white, green, or orange category, specifically micro, small, or medium manufacturing units, as well as traders involved in businesses like Horticulture and Food Processing.

Are there any conditions for receiving the benefits?

Yes, applicants must allow DITC officials free access for inspection, submit necessary reports and documents, and ensure all submitted information is correct to avoid revocation of subsidy and recovery of funds.

Incentives To Encourage Purchases From Local Suppliers Scheme

The "Incentives To Encourage Purchases From Local Suppliers Scheme" was launched by the Directorate of Industries, Trade and Commerce (DITC), Government of Goa. The primary objective of this initiative is to stimulate local consumption by encouraging businesses to make purchases from suppliers within Goa. This fosters a vibrant local economy, directly benefiting ancillary units, Micro, Small and Medium Enterprises (MSMEs), and various traders, including those involved in Horticulture and Food Processing sectors.

The scheme provides a significant boost to local businesses by offering a reimbursement of 2% on the cost of eligible local purchases. This financial incentive is capped at a maximum of ₹5,00,000/- per year for each eligible unit. Participants can avail this benefit for five consecutive years from the date of their first successful application, providing long-term support for their operational expenses linked to local procurement. By promoting localized supply chains, the Goa government aims to strengthen its industrial and trade ecosystem, enhancing economic self-reliance and growth within the state.

Applications are reviewed by the Directorate of Industries, Trade and Commerce (DITC) to verify eligibility criteria and compliance with scheme conditions. The evaluation process includes checking the validity of local purchases, adherence to the 50% local sourcing requirement, and registration under the Goa State Incentives to Encourage Investments Scheme. Final disbursement of benefits is subject to this review and the availability of budgetary allocation, with no promissory estoppel applicable if benefits are discontinued due to budget exceeding.

This scheme provides a direct financial reimbursement up to ₹5,00,000 per year to eligible units. The benefit amounts to 2% of the cost of local purchases consumed by the unit, excluding GST. Units can avail this annual reimbursement for a period of five consecutive years from their initial application date, offering sustained support for their local procurement efforts. This cash benefit is intended to reduce operational costs and incentivize continued local sourcing, strengthening the Goan economy.

Incentives To Encourage Purchases From Local Suppliers Scheme

Incentives To Encourage Purchases From Local Suppliers Scheme

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