Sarkari Yojana
Incentives to Green Investment Scheme
About Incentives to Green Investment Scheme
Under the “Incentives to Green Investment Scheme”, the Directorate of Industries, Trade and Commerce (DITC), Government of Goa offers financial help to industrial units that switch to eco-friendly equipment and processes. It also backs the uptake of new technology and renewable energy so that natural resources are used more sparingly. Support comes in two forms: reimbursement for Water and Energy Audits, and Capital Reimbursement for Energy Conservation Equipment. Applications are submitted offline.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Incentives to Green Investment Scheme, applicants must satisfy the following conditions:
Only manufacturing units can apply
Only manufacturing units can apply.
Units of micro, small, medium, or large size…
Units of micro, small, medium, or large size are all covered.
Where water and energy audits are claimed, they…
Where water and energy audits are claimed, they have to be done by a recognised institution/consultant holding certification from the Bureau of Energy Efficiency, Ministry of Power and Government of India.
Where energy conservation equipment is claimed, a recognised…
Where energy conservation equipment is claimed, a recognised institution/consultant certified by the Bureau of Energy Efficiency, Ministry of Power, Government of India must certify it as an energy conserving fixed asset of capital nature.
Combined support — this scheme's subsidy, plus any…
Combined support — this scheme's subsidy, plus any other Subsidy from the Government of Goa/Government of India, plus interest subsidy under soft loan/low interest loan schemes — must stay within 100% of the equipment's purchase value.
Benefits Provided
Incentives to Green Investment Scheme provides the following benefits to eligible applicants:
Water and Energy Audit Reimbursement
One-quarter, i.e
One-quarter, i.e. 25%, of the water and energy audit cost is refunded.
No unit can receive more than ₹1,00,000/- under…
No unit can receive more than ₹1,00,000/- under this head while the scheme is valid. Energy Conservation Equipment Capital Reimbursement
Units get back 40% of the capital spent…
Units get back 40% of the capital spent on buying the equipment.
The ceiling is ₹10,00,000/- per unit
The ceiling is ₹10,00,000/- per unit.
This benefit may be claimed more than once,…
This benefit may be claimed more than once, as long as the above ceiling is not crossed.
It comes on top of whatever is availed…
It comes on top of whatever is availed under State and Central Subsidy Schemes. Maximum Benefit Cap Conditions
Overall subsidy on the equipment cannot exceed 100%…
Overall subsidy on the equipment cannot exceed 100% of what the equipment cost to purchase.
To work this out, total subsidy means
To work this out, total subsidy means: Subsidy under this scheme + Any other Subsidy received from Government of Goa/Government of India + Interest subsidy received/receivable on any soft loan or low interest loan taken to buy the equipment under a State/Central Government scheme.
Interest subsidy arising from a subsidized rate is…
Interest subsidy arising from a subsidized rate is computed against a benchmark interest of 10%. Conditions
Payment of benefits depends on budgetary allocation.
Payment of benefits depends on budgetary allocation.
If benefits stop because the allocation has been…
If benefits stop because the allocation has been used up, Promissory Estoppel cannot be invoked.
Officials authorized by the Directorate of Industries, Trade…
Officials authorized by the Directorate of Industries, Trade and Commerce must be given free access to inspect or supervise the unit and its registers, and to talk with employees, so that proper use of the State Government's financial incentives/subsidies can be verified.
Documents Required
Applicants should keep the following documents ready before starting the application:
Umbrella Scheme registration copy, self-attested
Umbrella Scheme registration copy, self-attested.
Self-declaration in the prescribed format
Self-declaration in the prescribed format.
Proof of the Water and Energy Audit, or…
Proof of the Water and Energy Audit, or certification of the Energy Conservation Equipment.
Chartered Accountant's certificate stating the equipment's purchase value,…
Chartered Accountant's certificate stating the equipment's purchase value, backed by the invoice or other supporting papers.
Chartered Accountant's certificate showing, for each item of…
Chartered Accountant's certificate showing, for each item of equipment, the amount of every subsidy received, including any soft loans and the interest paid on them.
Chartered Accountant's certificate stating the percentage of subsidy…
Chartered Accountant's certificate stating the percentage of subsidy availed.
Chartered Accountant's certificate on benefits drawn under similar…
Chartered Accountant's certificate on benefits drawn under similar Government of India schemes (if any).
Partnership Deed or Memorandum of Association/Articles of Association,…
Partnership Deed or Memorandum of Association/Articles of Association, as relevant.
How to Apply
Offline Application
Applicants can apply for Incentives to Green Investment Scheme through the offline application process outlined below.
Access the Application Proforma and Complete…
Access the Application Proforma and Complete the Self-Declaration Eligible units apply on the specified proforma and must enclose a self-declaration in the given format.
Obtain Mandatory Technical Certifications or Audit…
Obtain Mandatory Technical Certifications or Audit Reports Documentary evidence — the Water and Energy Audit report or the Energy Conservation Equipment certification — has to be obtained from a recognised institution/consultant certified by the Bureau of Energy Efficiency, Ministry of Power, Government of India.
Secure Chartered Accountant Certificates Detailing Expenditure…
Secure Chartered Accountant Certificates Detailing Expenditure and Other Subsidies
A Chartered Accountant (CA) must certify the purchase value of the equipment, attach the invoices, and set out the amount and percentage of every subsidy linked to it, soft loans and their interest included.
The same CA must also certify any benefits drawn under comparable Government of India schemes.
Submit the Complete Application Package to…
Submit the Complete Application Package to the Directorate of Industries, Trade and Commerce The filled proforma, together with every required document and certificate, goes to the Directorate of Industries, Trade and Commerce (DITC), Udyog Bhavan, Panaji. Post-Application Processes
Application Scrutiny and Recommendation The Task…
Application Scrutiny and Recommendation The Task Force Committee (TFC), on which the Member Secretary of Goa Energy Development Corporation or a representative sits, examines and recommends the application.
Maintain Post-Disbursement Compliance Applicants have to…
Maintain Post-Disbursement Compliance Applicants have to permit free inspection/supervision by authorised officials of the Directorate of Industries, Trade and Commerce and furnish reports and documents whenever asked.
Exclusions / Who Is Not Eligible
- The applicant must not have received benefits under the Capital Subsidy Scheme towards the purchase of energy conservation equipment, if claiming the Energy Conservation Equipment Capital Reimbursement under this scheme.
- Commercial loans not backed by any State/Central scheme where interest is less than 10% shall not be taken into consideration for calculating the total subsidy received due to a subsidized rate of interest.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.