Salary Reimbursement Scheme

DETAILS The scheme “Salary Reimbursement Scheme” is a scheme by the Department of Information Technology, Electronics and Communications, Government of Goa, for the Startups of Goa. The scheme aims to bolster startup growth by incentivizing the hiring of local talent through a dual-pronged approach. Startups can reimburse 50% of fresher salaries. The process ensures prompt disbursement post SPC approval, emphasizing that benefits are discretionary, not entitlements. BENEFITS For Startups Hiring Local Talent: 50% of the salary of a fresher will be reimbursed, subject to a cap of ₹10,000 per month per recruit. A startup can claim the salary of a maximum of 25 people per month for a period of 3 years. This benefit can be availed of by 100 startups each year, which shall be selected by the SPC as per its guidelines. For Startups Whose Workforce Comprises 60% Locals: Up to 25% of the salary of the local workforce, subject to a cap of ₹25,00,000 per year, will be reimbursed for 3 years. A startup can claim the salary of a maximum of 25 people. This benefit can be availed of by 100 startups each year. NOTE: Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval. ELIGIBILITY All the Start-ups certified by the Start-up Promotion Cell (SPC) having a valid start-up certificate number are eligible to apply for this scheme. The employees should be hired for a period of at least 12 months. For availing the benefit under clause 3.1, the employee/s whose salary is being claimed for reimbursement must be an IT professional/s. The bank accounts of employees should be linked to Aadhaar. The bank accounts of the Directors of the company should be linked to Aadhaar. Only expenditures incurred after notification of Goa Start-up Policy 2017, being within the validity of this policy and paid for digitally will be considered for reimbursements under this scheme. In case digital payments are not possible then it shall be up to the decision of SPC as per its due diligence to admit the expenditure.