Incentives to Green Investment Scheme
State: Goa
Ministry: null
Department: Commercial Taxes Department
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity

The scheme aims to incentivize investments by existing and new units in environmentally friendly initiatives. It provides financial support through reimbursement for Water and Energy Audits and Capital Reimbursement for Energy Conservation Equipment to eligible manufacturing units.

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._

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Eligibility:
- 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.

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Application Process:
[Offline]
Step 1: Access the Application Proforma and Complete the Self-DeclarationThe eligible unit must apply using the specified proforma, ensuring to include a self-declaration in the format provided.
Step 2: Obtain Mandatory Technical Certifications or Audit ReportsThe applicant must acquire documentary proof, such as the Water and Energy Audit report or certification for Energy Conservation Equipment, conducted/certified by a recognised institution/consultant certified by the Bureau of Energy Efficiency, Ministry of Power, Government of India.
Step 3: Secure Chartered Accountant Certificates Detailing Expenditure and Other SubsidiesThe applicant must obtain a Certificate from a Chartered Accountant (CA) certifying the equipment purchase value, accompanying invoices, and detailing the quantum and percentage of all subsidies (including soft loans and interest paid thereon) related to the equipment.
The CA must also certify any benefits obtained under similar schemes of the Government of India.
Step 4: Submit the Complete Application Package to the Directorate of Industries, Trade and CommerceThe eligible unit shall submit the completed specified proforma along with all required documents and certificates to the Directorate of Industries, Trade and Commerce (DITC), Udyog Bhavan, Panaji.
Post-Application ProcessesStep 1: Application Scrutiny and RecommendationThe application will be scrutinised and recommended by the Task Force Committee (TFC), which includes the Member Secretary of Goa Energy Development Corporation or its representative.
Step 2: Maintain Post-Disbursement ComplianceThe applicant must agree to grant free access for inspection/supervision by authorised officials of the Directorate of Industries, Trade and Commerce and submit necessary reports and documents as required.

Documents Required:
A Self-Attested Copy of Registration Under Umbrella Scheme.
A Self-Declaration In the Format Provided.
Documentary Proof For Water And Energy Audit Or Energy Conservation Equipment Certification.
A Certificate from the Chartered Accountant Certifying the Purchase Value of the Equipment Along With Invoice Or Any Other Supporting Documents.
A Certificate from the Chartered Accountant to the Effect Showing Quantum of All Subsidies Including Soft Loans Availed If Any And the Interest Paid Thereon, With Regard to Each of These Equipment.
A Certificate from the Chartered Accountant Mentioning the Percentage of Subsidy Availed.
Certificate from Chartered Accountant Certifying the Benefits Obtained Under Similar Schemes of Government of India (If Any).
A Copy of Partnership Deed, Memorandum of Association/Articles of Association (As the Case May Be).