Yes, the benefits under this scheme are in addition to any other interest subsidy or loan provided under CMRY.

The "No Default Certificate" from the bank is one of the mandatory documents required for claiming the incentive. It likely ensures that the start-up has been fulfilling its loan repayment obligations.

Start-ups can avail of the benefits of this scheme bi-annually or annually.

Start-ups can apply at any time during the financial year but only within 6 months of incurring the relevant expenditure.

Expenditure incurred after the notification of the Goa Start-up Policy 2017 within the policy's validity, and paid digitally, will be considered for reimbursements. If digital payments are not possible, the SPC will decide based on due diligence.

Directors of the company must have their bank accounts linked to Aadhaar.

Yes, there are conditions. This scheme is not an entitlement, and the SPC reserves the right to accept or reject applications.

Certainly. Under this scheme, up to 3 projects with significant potential recommended by the Startup Promotion Cell (SPC) can receive a grant of 30% of the interest amount on a loan, up to INR 5 lakh per annum for two years. Additionally, other start-ups can avail of a 10% interest repayment grant on loans, up to INR 2 lakh per year for two years.

No, start-ups must have a valid start-up certificate number from the Start-up Promotion Cell (SPC) to be eligible to apply for this scheme.

Expenses that qualify for reimbursement under this scheme are those incurred after the notification of the Goa Start-up Policy 2017, paid digitally, and within the policy's validity. If digital payments are not possible, the SPC will make a decision based on due diligence.

Yes, the scheme document mentions that start-ups may be prohibited from availing the benefits of this and/or any other scheme under the Goa Startup Policy 2017 if found guilty of misrepresentation or fraudulent activity in connection with their application.