Building a Resilient MSME Ecosystem in Goa
With a focus on balanced growth, Goa has made substantial strides in revitalizing its MSME sector. The state’s economy benefits from a unique mix of tourism, light manufacturing, services, and agriculture-based enterprises. Recognizing the potential of these businesses, the Goa government is investing heavily in their formalization, digital transformation, and credit enablement. Download our mobile application today and get seamless access to all the benefits offered.
1.1
Lakh+
Total Udyam Registered Companies
38.5
K+
Informal Micro Enterprises (IMEs)
46.2
K+
Total GST Registered Companies
24
Industrial Parks available in the state
Government’s vision for MSMEs
Recent efforts by the Goa government underscore a strong commitment to economic decentralization and grassroots empowerment. These policies are designed to strengthen not only urban clusters but also semi-rural areas with high entrepreneurial potential.
- Goa MSME Facilitation Act – Streamlining single-window clearances and ensuring faster approvals.
- Umbrella Scheme for MSMEs – A comprehensive set of financial incentives covering interest subsidy, capital subsidy, and market access support.
- Startup & IT Policy Integration – MSMEs in services, software, and tourism are now benefiting from cross-sector incentives and incubation support.
- Skill Development Collaboration – Partnering with industry bodies and educational institutions to enhance workforce capabilities.
IRIS MSME Collaboration Highlights
Under the MoU with the Goa government, IRIS MSME is deploying a suite of digital solutions tailored to the needs of MSMEs:
E-Invoice Portal
Simplifies the invoicing process, ensuring compliance with GST norms and enhancing competitiveness.
MSMEtv
Ensures seamless government connections with the business on ground to spread right awareness.
Compliance & Credit Toolkits
Compliance & Credit Toolkits – Making MSMEs credit-ready while simplifying tax and statutory compliance.
Scheme Matchmaking Engine
Suggests state and central benefits based on the MSME's size, sector, and geography.