The has released Rs 25.3 lakh as incentives to three IT companies, three whole years after the Goa IT Policy, 2018, was formulated.
This is the first time that the department of information and technology has ever released any incentives under the policy.
The empowered committee, headed by chief minister Pramod Sawant, approved the disbursal of Rs 4.5 lakh for Transerve Technologies, Rs 10.5 lakh for Online Productivity solutions and Rs 10.3 lakh for Inbetween Software Development.
The committee, which includes IT minister Jennifer Monserrate and two other Industry representatives, also gave an in-principle nod for Rs 30.3 lakh to be disbursed to Sapna Group, subject to certain conditions being met and documentary compliances.
The department of information and technology had received 25 applications for incentives, of which 10 were screened and approved by its internal review committee. The panel rejected 12 applications and withheld one for further scrutiny, while two applications required additional documentation.
While Goa has at least 100 startups and IT companies, just 21 firms applied for registration under the IT Policy, of which 15 were approved.