Exit support scheme only for those units that got land before Aug 1, 2014: Goa minister

The ‘exit support scheme’ introduced by Goa Industrial Development Corporation (GIDC) is applicable to only those units that were allotted land before August 1, 2014, state minister Mauvin Godinho said on Thursday.

Responding to a question tabled in the assembly by Congress MLAs Yuri Alemao, Carlos Ferreira, Altone D’Costa and AAP MLA Cruz Silva, the state industries minister said the scheme was devised as “ease of exit” is an essential component of “ease of doing business”.

“The exit support scheme is applicable for only those industrial undertakings which were allotted land prior to August 1, 2014, is presently not operational, and they intend to exit from the allotted land. The scheme allows utilisation of non-functional plots. It will lead to new investment and employment opportunities,” Godinho said.