Incentives to Green Investment Scheme
Category: Business & Entrepreneurship
Level: State | State: Goa

Details:
The “Incentives to Green Investment Scheme” was launched by the Directorate of Industries, Trade and Commerce (DITC), Government of Goa. The scheme aims to give financial support to industrial units for adopting environmentally friendly equipment and processes, and to support the adoption of new technology and renewable energy aimed at conserving the use of natural resources. The scheme provides reimbursement for Water and Energy Audits and Capital Reimbursement for Energy Conservation Equipment. The applications for this scheme are accepted offline.

Benefits:
Water and Energy Audit Reimbursement
Reimbursement of 25% of the cost of water and energy audits.
Subject to a maximum of ₹1,00,000/- per unit during the validity of this scheme.
Energy Conservation Equipment Capital Reimbursement
Reimbursement of 40% of the capital cost incurred on the purchase of the equipment.
Subject to ₹10,00,000/- per unit.
A unit can avail this benefit multiple times, subject to the maximum ceiling mentioned above.
This benefit shall be in addition to benefits availed under State and Central Subsidy Schemes.
Maximum Benefit Cap Conditions
The total subsidy received by the applicant towards the purchase of the said equipment must not exceed 100% of the purchase value of the respective equipment.
For the purpose of calculation, total subsidy includes: Subsidy under this scheme + Any other Subsidy received from Government of Goa/Government of India + Interest subsidy received/receivable under any soft loan or low interest loan availed for purchasing the said equipment under any State/Central Government scheme.
Benchmark interest for calculating interest subsidy as received due to a subsidized rate of interest will be 10%.
Conditions
The benefits under this scheme are subject to budgetary allocation.
No Promissory Estoppel shall be applicable if benefits are discontinued because allocation is exceeded.
The applicant must allow and/or grant free access to any official authorized by the Directorate of Industries, Trade and Commerce for conducting inspection/supervision of the unit or registers or holding discussions with employed employees for ensuring proper utilization of the financial incentives/subsidies granted by the State Government.


Eligibility Criteria:
- The applicant must be a manufacturing unit.
- The applicant must fall under the micro, small, medium, or large category.
- The applicant must ensure the water and energy audits, if claimed, are carried out by a recognised institution/consultant certified by the Bureau of Energy Efficiency, Ministry of Power and Government of India.
- The applicant must ensure the energy conservation equipment, if claimed, is certified as an energy conserving fixed asset of capital nature by a recognised institution/consultant certified by the Bureau of Energy Efficiency, Ministry of Power, Government of India.
- The applicant must ensure the total subsidy received (Subsidy under this scheme + Any other Subsidy received from Government of Goa/Government of India + Interest subsidy from soft loan/low interest loan schemes) does not exceed 100% of the purchase value of the respective equipment.