“THE GOA STATE INVESTMENT SUBSIDY SCHEME

FOR BIO TECHNOLOGY UNITS - 2009.

Whereas vide Notification No.3/75/2004-IND dated 13/07/2006, published in the Official Gazette, Series I, No.20, dated 17/08/2006, the Government of Goa notified the Bio-Technology Policy for Goa.

Now, in pursuance of Clause 13 of the said Policy, the Government of Goa is pleased to frame the following scheme namely:-

1) Objectives: The Government of Goa is pleased to make the following Scheme of the State Investment Subsidy for Bio-Technology units (BT unit) to be set up in the State of Goa with a view to promoting the growth of Bio-Technology (BT).

1.2) Short Title: The Scheme shall be called “The Goa State Investment Subsidy Scheme for Bio-Technology Units 2009” for Bio-Technology units (BT units) to be set up in the State of Goa.

1.3) Commencement and Duration: The Scheme will come into force with effect from the date of publication in the Official Gazette and will remain in force upto 31^st March 2012. This Scheme may be extended further if considered necessary by the Government of Goa.

1.4) Applicability: This Scheme will be applicable to Micro, Small & Medium Bio-technology Units (BT units) which have obtained Entrepreneurs Memorandum Part-II and approval of High Powered Co-Ordination Committee in case of large Biotechnology units and the commercial production on or after the date of publication of this scheme in Official Gazette.

1.4 (a) Bio-Technology Units means any Bio-Technology undertaking other than that run Departmentally by Government of India/State Government/Union Territory Administration.

2. New Bio-Tech Unit: New BT unit means a BT unit which has made Investment in Land, Building and Plant & Machinery as defined in sub- section (e) below during operative period of the scheme.

2. Existing Bio-Technology Units: Existing BT unit means a BT unit, which has made Investment in Land, Building and Plant & Machinery as defined in sub-section (e) below prior to the operative period of the scheme.

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2. Expansion: Expansion means increase in the value of fixed capital Investment of an existing BT unit in one phase by not less than 25% of the existing investment for the purpose of expansion of capacity, modernization and diversification for products under Bio-Technology.

2. Fixed Capital Investment: Fixed Capital Investment means Investment in Land, Building and Plant & Machinery. Total fixed capital Investment will be assessed as follows:

1. Land and Building:- The actual price paid for the land/building including development charges to the extent needed for the purpose of the Bio-Technology Unit. The essentiality as regards the extent of land and factory building including floor space of the factory building, godowns, office accommodation, canteen boundary wall, required for Bio-Technology Unit is left to the full discretion of the State Level Committee. Where land and/or building is held on premium lease arrangement, premium paid by the leaseholder will be eligible for claiming this Subsidy. Where land and/or building are already owned by the Bio-Technology Unit, the market value thereof as assessed by the State Level Committee will also be taken for purpose of computation of fixed capital Investment. Rent of a hired building will not be taken into account. Lease rent of land obtained on lease basis shall not be computed for Subsidy.

2. Plant & Machinery:

   1. In calculating the value of Plant & Machinery the cost of Plant & Machinery as erected at site will be taken into account which will include the cost of productive equipment such as tools, jigs, dies and moulds. Transport charges, insurance premium, erection cost, custom duty, etc. will also be taken into account. Balancing equipments/accessories, etc. added to the main Plant & Machinery for modernization/diversification etc. are also taken into account while computing the value of Plant & Machinery. Mobile machinery and vehicles shall not be computed for the purpose of Subsidy.

2. Value of Investment in second hand machinery purchased by a BT Unit will not be counted for claiming this Subsidy.

3. An existing Unit undertaking modernization of its Plant & Machinery for Bio-Technology will be considered for grant of this

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Subsidy on the value of Plant & Machinery purchased by the existing industrial Unit as a part of its modernization programme, shall be certified by a Chartered Accountant.

4. In case of fabricated machinery, the certificate from Chartered Engineer certifying life and value of the machinery will have to be produced.

5. Working capital including raw materials and other consumable stores will be excluded for computing the value of Plant & Machinery.

6. Investment made in replacement of parts, repairs, maintenance, modifications, renovations and or alterations for existing building, wooden crates, bottles, wooden pallets, furniture fixed or mobile, office equipments will be excluded for computing the value of fixed assets.

7. Pre-Operative Expenses:

Following Pre-Operative Investment actually/paid and capitalized but not exceeding 10% of the cost of building, Plant & Machinery will be computed while determining the value of fixed assets.

1) Know-how fees including foreign collaboration.

2) Architect fee (limited to 3% of the value of the building considered for Subsidy).

3) Feasibility report study fees (provided no Subsidy on such study has been availed by the unit from any other source).

4) Stamp duty paid for purchase of Land & Building. Subject to reduction of this Subsidy on stamp duty while computing reimbursement of Stamp Duty separately.

5) Registration charges for registration of sale deed of Land & Building.

6) Construction licence fees.

5. The Audit Authority means the representative of the comptroller and Auditor General of India who is entrusted with the auditing of the accounts relating to the State Government.

1. Extent of State Investment Subsidy For Bio-Technology Units:-

1. The State Investment Subsidy for BT Units represents 15% by value of the fixed capital Investment of a Bio-Tech Unit located in the State, subject to maximum limit of Rs.15.00 lakhs.

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2. While computing maximum eligibility of Subsidy under State Investment Subsidy Scheme for BT Units, the Subsidy availed by such unit towards Stamp Duty shall be taken into account while reimbursing the Stamp Duty under Reimbursement of Stamp Duty Scheme and the relative amount of Subsidy on Stamp Duty shall be deducted at the time of Reimbursement of Stamp Duty.

1. Registration Under the Scheme:

1. The valid Entrepreneurs Memorandum Number in Part-I obtained from the Directorate of Industries, Trade & Commerce shall be considered as registration under the Scheme in case of Micro, Small and Medium Units. Large units, shall get themselves registered under the Subsidy Scheme separately with the Directorate of Industries, Trade & Commerce for new unit as well as for expansion after such large units are approved by HPCC for setting up as well as for expansion.

2. In case of existing Micro, Small, Medium & Large units, the investment made after the date of publication of this scheme in the Official Gazette, for Bio-Technology products shall be considered as investments made under expansion.

3. The same unit cannot claim Subsidy for new unit and expansion in one claim. However, after completion of new unit and it goes into commercial production, fresh claim for expansion can be entertained. Similarly, the subsequent claim for expansion, shall be filed after completing the first phase of the expansion and has gone into commercial production under the expansion Programme.

4. Investment made prior to obtaining Entrepreneurs Memorandum Number in Part -I or registration under the Scheme shall not be eligible for Subsidy.

5. Any number of expansions can be allowed to a Bio-Technology Unit, but the total quantum of this Subsidy granted shall not exceed the maximum amount of Subsidy as fixed under clause 2 (a).

3) Disbursing Agency:

Disbursing Agency is the agency, which disburses the Subsidy to the eligible Bio-Technology Units on the basis of approval of the State Level Committee after preferring sanction Order from the Government

for disbursement of Subsidy to the approved units.

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Following shall be disbursing agencies:

1. Directorate of Industries, Trade & Commerce.

2. Economic Development Corporation, Panaji Goa.

3. Any other agency duly authorized in this behalf by the

State Government.

3.1) Procedure for claiming Subsidy:

The following information and documents should be submitted alongwith the application (form prescribed in Annexure I) for claiming State Investment Subsidy under the Scheme.

1. Sanction letter from the Financial Institutions (a) sanctioning loan or loans for the purpose of implementing the projects (Annexure II).

2. Chartered Accountant’s certificate certifying the expenditure incurred on the project in the prescribed form (Annexure III).

(3) Details of fixed capital investment in the prescribed form in Annexure IV.

4. Documents to be furnished:

1. If the Subsidy claim is on land:

   1. Documents of the land registered with the Sub-registrar office.

   2. Incase of own land Subsidy is available only if it is bought as an asset of the unit.

   3. Only the land equivalent to three times the built up area covered by the building is eligible for Subsidy.

2. If the Subsidy is on building:

   1. Documentary evidence of ownership of the land on

which factory shed has been constructed.

2. Declaration evidence of the owner of the land on which factory shed has been constructed that the land will not be disturbed for a period of at least five years if the land is not owned by the unit.

3. Licence for construction of factory shed along with plan duly approved by Village Panchayat/Muncipality etc.

4. Occupancy certificate and licence/permission issued by local Authority for starting the unit.

5. Copies of all construction expenditure bills along with copies of payment receipts.

3. If the Subsidy is on Hire Purchase Shed:

   1. Payment of first installment towards the cost of Hire Purchase shed equivalent to 10%.

   2. Copy of Hire Purchase Agreement executed with the Corporation.

   3. Copy of the Order of allotment of shed on H.P. basis.

4. If the Subsidy is on Machinery:

   1. Copies of bills/invoices along with payment receipts and/or bank certificates if the payment is settled through bank.

   2. In case of transportation/loading/unloading charges relevant vouchers/transport companies bills & receipts.

   3. In case of electrification and installation charges documentary evidence to the effect of having made the full payment towards these items is to be produced.

5. Other documents:- Micro, Small & Medium Bio-Tech Units shall furnish a copy of Entrepreneurs Memorandum Number in Part-II obtained from the Directorate of Industries, Trade & Commerce before approval of Subsidy by the State Level Committee

3.2) Exemption in case of Micro, Small and Medium

Units:-

Micro units, where the total claim for Subsidy does not exceed Rs.20,000/- (Rupees twenty thousand) are exempted from production of Chartered Accountants certificate.

3.3) The unit should file their claim for State Investment Subsidy for Bio-Technology Units within Six months from the date of completion of investment or going into production. Claim filed date shall be rejected by State Level Committee. However, late claim may be considered by State Level Committee if the reasons furnished by the unit are found to be genuine.

3.4) The disbursing agency with whom the application for State Investment Subsidy is filed will examine the application and documents so furnished and determine the eligibility of the Bio-Tech Unit. All the cases after due scrutiny will be referred to the State Level Committee constituted under the Scheme with suitable recommendations for final decision. The agenda notes will be submitted to the State Level Committee in the form prescribed in Annexure V.

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4) The State Level Committee:

The composition of the State Level Committee shall be as under:

a. Hon’ble Minister for Industries

Government of Goa. Chairman

b. Secretary (Industries) Member

c. Secretary (Finance) Member

d. Managing Director,

Economic Development Corporation Ltd., Member

e. President,

Goa Small Industries Association, Member

f. President,

Goa Chamber of Commerce and Industry Member

g. Director of Industries, Trade

and Commerce, Member Secretary

4.1) Powers & Functions of the State Level Committee:

(i)The State Level Committee will go into merits of each case to decide whether the Bio-Tech Unit qualifies for grant of State Investment Subsidy and will also determine the quantum of State Investment Subsidy admissible to the Bio-Tech unit.

(ii) The State Level Committee may hold as many meetings as are considered necessary for speedy implementation of the Scheme.

(iii) Unit aggrieved by the decision of State Level Committee, may represent to State Level Committee again within 60 days for re-considering the application with reasons thereof. State Level Committee may review its decision, if the reasons furnished by the unit are found genuine.

4. The minutes of the proceedings at each such meeting shall be recorded and certified copies of the minutes sent to all the members.

(4.2) The Member secretary of the State Level Committee shall organize the entire work comprising the following:

a) Organising the State Level Committee meetings, maintenance of the record of proceedings, finalisation, certification and circulation of minutes of the meetings;

b) Consolidation of the claims sanction of the Government from the various disbursing agencies;

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3. Submission of consolidated claims to Government of Goa, for

Sanction.

4. Obtaining a consolidated amount from Government of Goa and

redistribution of the amount to the concerned disbursing agencies.

3. The State Level Committee shall have overall authority over the various disbursing agencies. It shall be the responsibility of the State Level Committee to ensure that the sanction and disbursement of State Investment Subsidy to Bio-Tech Units are in conformity to the requirements laid down herein.

4.4) Directorate of Industries, Trade & Commerce shall be fully responsible to the State Government for maintenance of proper accounts and records in connection with the disbursement of State Investment Subsidy. These will be maintained in accordance with the instructions laid down by the State Government in this regard viz. G.F.R., Treasury Rules etc. These will be produced by the Directorate of Industries, Trade & Commerce for scrutiny/verification, etc. as and when desired by the Audit authorities. Any Audit objection arising out of the payment by way of State Investment Subsidy shall be answered to the satisfaction of the audit authority by the Directorate of Industries, Trade & Commerce.

5. Any overpayments found to have been made by the disbursing agencies shall be recovered from the Bio-Tech Unit. It shall be the responsibility of the Directorate of Industries, Trade & Commerce to organize these matters.

5. Procedure for disbursement of Subsidy :

1. The Subsidy approved by State Level Committee shall be disbursed to the unit in one installment.

2. Concessions to Small Scale industrial Units:

In case where corporations owned by State Government/Central Government are providing plots, building or machinery on hire Purchase basis, the Subsidy to such Bio-Tech units under the Scheme, on basic value of Hire purchase fixed assets, shall be paid directly to the Corporation for adjusting against the cost of Hire purchase fixed assets on behalf of the unit.

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3. On receipt of approval from the State Level Committee the concerned disbursing agency will issue a sanction letter in Annexure VI to the eligible Bio-Tech Unit intimating the cost of the fixed capital Investment and project approved by State Level Committee as also the amount of State Investment Subsidy approved in respect of the project. Alongwith sanction letter, there shall be enclosed a legally enforceable agreement to be executed by the eligible Bio-Tech Unit for the purpose of drawing the State Investment Subsidy approved by the State Level Committee. However, this Agreement shall be executed on receipt of Sanction Order from Govt.

1. Where the eligible Bio-Tech Unit is set up by a Co-operative Society or a Limited Company, a certified copy of Board Resolution accepting the State Investment Subsidy should be filed with the disbursing agency alongwith the agreement duly executed as per the requirements.

5. Eligibility of two or more units set up by an individual /company/group/legal entity:

6.1) where an individual/promoter/firm/company/legal entity/group, set up one Bio-Tech Unit in the same district or different district within the State of Goa, and if such unit is engaged in a different line of end-product, the State Investment Subsidy on unit wise basis for each such unit will be available provided all the following conditions are satisfied:-

1. Each such unit is separately licenced/registered.

2. There is a separate power connection, separate Commercial tax registration for each such units.

3. Each such units in respect of which Subsidy is claimed is not set up in a manner, as to take manufacture of the product from intermediate stage.

4. Accounts in respect of each such units are maintained separately and there is no artificial splitting of Investment so as to be eligible for Subsidy over and above the maximum limit available for the area.

6.2) where an individual/ promoter/firm/company/legal entity/group, set up one or more industrial unit in the manufacture of similar and

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identical end-product, the State Investment Subsidy on unit wise basis for each such unit will be available provided all the following conditions are satisfied:-

1. The unit in respect of which the Subsidy is claimed are located in different districts.

2. Each such unit is separately licenced/registered.

3. There is a separate power connection, separate factory licence, separate commercial tax registration, separate excise licence for each such units.

4. Accounts in respect of each such unit are maintained separately and there is no artificial splitting of investment so as to be eligible for Subsidy over and above the maximum limit of Subsidy.

C) Definition of Group:

Units having common Proprietor/Partner(s)/ Director(s)/ subsidiary of existing company, shall be considered to be a group for the purpose of State Investment Subsidy.

Explanation : even if an individual who is proprietor of one unit and partner/director in another unit(s) or even if one Partner/Director/or proprietor is common in other units (s) it shall be covered up under the definition of a group.

7) Disbursement of Subsidy to units assisted by Financial Institutions through disbursing agencies.

7.1) Financial Institutions who are disbursing agencies, shall process the applications of the units assisted by them and disburse the Subsidy to the unit as per provision of clause 5(1).

7.2) The further claims for expansion of such assisted units shall also be processed by the same financial institution irrespective of the fact whether the unit is assisted by the financial institution for expansion programme or not.

7.3) The financial institution shall not charge any interest to the unit on the Subsidy amount paid to the unit.

8) Disbursement of Subsidy to self-financed & bank financed units.

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8.1) In case of self financed & bank financed units, the Directorate of Industries, Trade & Commerce shall act as disbursing agency and disburse the Subsidy as per provision of clause 5.(1).

8.2) The further claims of such units for expansion, shall also be processed by the Directorate of Industries, Trade & Commerce irrespectively of the fact that the unit is assisted by financial institution for such expansion programme.

9) Sanction of State Investment Subsidy by Government of Goa.

9.1) After the approval of Subsidy claim of all the disbursing agencies, the Directorate of Industries, Trade & Commerce shall submit a consolidated proposal to the Govt. for sanctioning the Subsidy to the approved units and Govt. shall issue necessary sanction Order for release of Subsidy to the units and/or disbursing agency, as the case may be. The consolidated proposal shall be preferred along with the check list in the prescribed proforma supported by the decision of State Level Committee and list of the units to be sanctioned Subsidy.

10) Miscellaneous:

10.1) In each one of the following events or circumstances, the State Investment Subsidy availed of by a Bio-Tech Unit shall be

recoverable from it.

1. Where a Bio-Tech Unit has obtained the State Investment Subsidy by mis-representation as to an essential fact, or by furnishing false information.

2. Where the BT Unit goes out of production within five years from the date of disbursement of Subsidy either as new unit or as expansion, except in cases where the unit remains out of production for a short period extending six months due to reasons beyond its control such as shortage of raw material, power etc.

2. Where the Bio-Tech Unit fails to furnish the prescribed statements and/or information which it is called upon to furnish by the disbursing agencies.

10.2) The Bio-Tech Unit receiving State Investment Subsidy shall furnish to the disbursing agencies annual audited statement of accounts and

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balance sheet within nine months from the close of the year. Such statements of accounts are required to be furnished for a period of five years from the year in which disbursement of State Investment Subsidy is made. The eligible Bio-Tech Unit should also furnish whatever statement and/or information, which it is called upon to furnish from time to time by the disbursing agency, or by the State Government. Micro Units which have drawn State Investment Subsidy not exceeding Rs.20,000/- are exempted from furnishing the annual audited statement of accounts and balance sheet as prescribed above. Instead they may submit a proforma indicating details of registration with the Directorate of Industries, Trade & Commerce, date of commencement of production, figures of production both in terms of value and quantity, sales, employment, Subsidy availed etc.

11) Change in location of BT Unit etc :-

Without taking prior approval of the State Government /Financial Institution/disbursing agency concerned, no owner of a Bio-Tech Unit after receiving a part or the whole of the State Investment Subsidy will be allowed to change the location of the whole, or any part of the Bio-Tech Unit or effect any substantial contraction or disposal of whole and/or a substantial part of its total fixed capital Investment within a period of five years from the date of disbursement of Subsidy as a new unit or its expansion.

12) Interpretation :-

Where any matter arises for the purpose of interpretation or in case where any suggestions are made in regard to implementation of the Scheme, such matter shall be referred to Government of Goa, and the decision of Government of Goa shall be final.”

“INTEREST SUBSIDY SCHEME FOR BIO-TECHNOLOGY UNITS - 2009”

Whereas vide Notification No.3/75/2004-IND dated 13/07/2006, published in the Official Gazette, Series I, No.20, dated 17/08/2006, the Government of Goa notified the Bio-Technology Policy for Goa.

Now, in pursuance of Clause 13 of the said Policy, the Government of Goa is pleased to frame the following scheme namely:-

1. SHORT TITLE AND COMMENCEMENT:-

1. This scheme shall be called “INTEREST SUBSIDY SCHEME FOR BIO-TECHNOLOGY UNITS -2009”.

2. It shall come into force with effect from the date of its publication in the Official Gazette and shall remain in force upto 31^st March, 2012. This scheme may be extended further if considered necessary by the Government of Goa.

2. INTRODUCTION:- In an effort to boost economic growth in the State, it is proposed by the Government of Goa to provide subsidy to the Micro and Small Bio-Technology units on interest payable by them. This will be a very attractive incentive to the investors who could then invest more and seek better returns for themselves and for the State.

3. OBJECTIVES- The main objectives of this Scheme are as follows:-

1. To give boost to the Micro and Small Bio-Technology units in the State;

2. To provide incentives to small investors for making their units viable financially.

3. To promote industrial growth in the State and create an optimistic environment for the small investor and local entrepreneurs to invest.

4. ELIGIBILITY-

1. Only new Micro and Small Bio-Technology units/enterprises which

go into commercial production from the date of the publication of this scheme in the Official Gazette shall be eligible to avail facilities under this Scheme.

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(NOTE: Date of commencement of production as recorded in Entrepreneurs Memorandum will be considered).

b) Only those units engaged in the manufacturing activities and classified as Bio-Tech units and registered Acknowledged Entrepreneurs Memorandum Part II by Department of Industries, Trade and Commerce shall be eligible under this Scheme.

CRITERIA-

1. The Scheme is also applicable to the Biotech units which have availed loan as term loan and working capital loan from nationalized banks or scheduled Bank or Co-operative Bank or Economic Development Corporation Ltd., or any other Financial Institution notified by the Government of Goa.

2. The eligibility amount of loan shall be subject to parameters as defined below:

1. The Interest Subsidy will be applicable for the Interest of the quarter subsequent to first commercial production date;

2. Benefit under this Scheme will be for a period of 5 years i.e. 20 quarters from the quarter of applicability as in (i) above.

5. QUANTUM OF SUBSIDY-

Subsidy shall be given to eligible units to the extent of 1½ % of the total net turnover or 30% of the interest paid by the units, whichever is less, subject to a maximum ceiling of Rs.5.00 lakhs per annum per unit.

Explanation:- (1) For the purpose of this Scheme, net turnover means turnover not including taxes, such as, VAT and excise as also net of any discount.

(2) The interest subsidy shall be disbursed by way of reimbursement only after the unit has paid the interest to the financial institution and has not defaulted in the repayment of term loan to the financial institutions concerned upto the financial year to which the claim pertains.

6. PROCEDURE TO FILE CLAIM-

Every eligible unit shall file its claim after closing of every financial

year and before 30^th of September in specified proforma along with

the certificate issued by the nationalized banks/specified financial

institutions in respect of total interest paid by the units.

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Explanation: The claim for the year (four quarters) shall lapse, if not

submitted by due date. However, the eligibility continues for balance

period of benefit.

7. DISBURSEMENT PROCEDURE-

2. Upon receipt of such applications the scrutinizing Committee consisting of following members shall scrutinize and recommend the applications within 3 months from the receipt of such applications and Directorate of Industries, Trade and Commerce shall disburse the amount payable within 6 months from the date of receipt of such applications.

1. General Manager (DIC) of Directorate of Industries, Trade and

Commerce, as a Chairman.

2. Assistant Director (Admn) of Directorate of Industries, Trade and

Commerce, as a Member.

3. Under Secretary (Finance / Expenditure), as a Member.

4. One person to be nominated by the Government from Goa Chamber

of Commerce and Industry, as a member.

5. One person to be nominated by the Government from Goa State

Industries Association, as a member.

The Committee may co-opt. additional members from Financial Institutions or Associations, if felt necessary.

This has been issued with the concurrence of the Finance Department.

“GOA STATE EMPLOYMENT SUBSIDY SCHEME FOR BIO-TECHNOLOGY UNITS 2009”.

Whereas vide Notification No. 3/75/2004-IND dated 13.07.2006, published in Official Gazette, Series I No. 20, dated 17.08.2006, the Government of Goa notified the Bio-Technology Policy for Goa.

Now, in pursuance of Clause 13 of the said policy, the Government of Goa is pleased to frame the following Scheme, namely: -

1. SHORT TITLE AND COMMENCEMENT-

(1) This Scheme may be called the GOA STATE EMPLOYMENT SUBSIDY SCHEME FOR BIO-TECHNOLOGY UNITS, 2009.

(2) It shall come into force from the date of publication in the Official Gazette and shall remain in force upto 31^st March, 2012. This Scheme may be extended further if considered necessary by the Government of Goa.

2. Introduction - For effective implementation of new Bio-Technology Policy, the Government of Goa is pleased to introduce the Goa State Employment Subsidy Scheme for Bio-Technology Units, 2009 for Bio-Technology Units to be set up and the units already set up in the State of Goa. The Scheme will be in operation as per the period indicated herein. However, the Government may decide to extend or curtail the period of the same without affecting the benefits already availed.

2. Objectives - The main objectives of the Scheme are: -

   1. To promote industrial growth in the State of Goa.

   2. To create a healthy environment for setting up of new Bio-

Technology Units in the State of Goa.

3. To revive sick industrial units in the State of Goa.

4. To give boost to provide employment to local youths.

5. To create manpower suitable to the needs of the Industry.

2. Eligibility for units -

Only those Bio-Technology Units involved in manufacturing activities and falling under following category are eligible subject to the following conditions :-

1. New Micro, Small and Medium Bio-Technology Units registered or having Acknowledged Entrepreneur Memorandum Part II by the Department of Industries, Trade and Commerce, Panaji, which go into commercial production from the date of publication of this scheme in the Official Gazette.

2. Existing Micro, Small and Medium or Large Bio-Technology units under Revival Plan subject to approval by the concerned Authority under the Sick Unit Revival and Rehabilitation Scheme.

3. Large scale Bio-Technology units approved by High Powered Co-ordination Committee on or after the date of publication of this scheme in the Official Gazette.

4. Proprietor, Partner, Promoters, Director or their spouses, relations including father, mother, son/daughter (married/unmarried), grandfather/grandmother, son-in-law, daughter-in-law or their spouse shall not be considered as employees for purpose of claiming benefit under this scheme. However, they shall be counted in calculating the criteria of 80% employment to locals. Declaration in this regard executed before the Magistrate should be produced at the time of every claim.

5. The units are eligible for the payments of employment subsidy only against salary paid by them to the employees holding green social security cards (i.e. employees having 15 years residence certificate).

6. Units engaging 80% of local manpower on regular basis are eligible (for the purpose of this condition, employees under contract/temporary employment/daily wage employment, piece maker employment shall not be considered).

7. The Scheme is applicable only to those Bio-Technology units listed under Green category and Orange category.

8. The units which have availed benefits under similar scheme of the Industrial Policy 2003 or any other similar scheme of State Government or Central Government are not entitled to claim benefit under this Scheme.

Explanation - For the purpose of this Scheme, units Acknowledged with Entrepreneur Memorandum on or after the date of publication of this scheme shall be treated as new units.

2. Period of Subsidy -

The period of subsidy shall be two years starting from the date of commercial production. Incase of any doubt in respect of the date of production, the decision of the Director of Industries, Trade and Commerce shall be final.

1. For units under revival plan, the period of subsidy shall be as specified by the competent Authority under the Sick Unit Revival and Rehabilitation Scheme, subject to maximum two years.

2. Quantum of Subsidy –

1. Subsidy shall be given to the eligible units at the rate of Rs.15,000.00 per employee per annum subject to maximum amount of Rs.75.00 lakhs per year to one unit for a period of two years from the date of operation.

2. For determining the quantum of subsidy, the State is divided into developed and less developed talukas. Pernem, Sattari, Bicholim, Sanguem, Quepem and Canacona are less developed talukas. The rest shall be treated as developed talukas.

3. For new units in developed talukas, the subsidy shall be 25%.

4. For new units in less developed talukas additional 10% incentives will be given in the subsidy.

5. For sick units, under revival plan, it shall be defined by the appropriate authority, subject to maximum 25% and shall be uniform across the State.

2. Procedure to file the claims –

(1) The unit shall file its claim after closing of every financial year and before 30^th September in specified proforma alongwith the documents, failing which the claim will lapsed and shall not be revived in any case by authority. However, the registration under this Scheme shall remain valid for future claim and non receipt of any claim during particular period of half year shall be treated as no claim period.

2. Disbursement Procedure -

(a) Upon receipt of such applications Department of Industries, Trade and Commerce shall scrutinize the applications within three months from the date of receipt of such applications and shall disburse the amount payable within six months from the date of receipt of such applications.

(b) For the purpose of this Scheme, in the Directorate of Industries, Trade and Commerce, there shall be a Task Force Committee under the Chairmanship of General Manager (DIC) with following members who shall scrutinize and recommend benefits under the scheme :-

1. General Manager (DIC) of Directorate of Industries, Trade and

Commerce, as a Chairman.

2. Assistant Director (Admn) of Directorate of Industries, Trade and

Commerce, as a Member.

3. Under Secretary (Finance / Expenditure), as a Member.

4. One person to be nominated by the Government from Goa Chamber of

Commerce and Industry, as a member.

5. One person to be nominated by the Government from Goa State

Industries Association, as a member.

(c) No dues shall be confirmed by the Department of Industries, Trade and Commerce with concerned departments under the deemed provision basis within a period of 60 days before disbursement.

10. Authority to decide any dispute –

The Chief Secretary shall be the authority to hear and dispose of any dispute filed before him against the order of the Scrutiny Committee / Directorate of Industries, Trade and Commerce/or any other committee constituted for the purpose of the Scheme; and the decision of the Chief Secretary thereon shall be final.