AI SummaryIncentives to Green Investment Scheme helps micro, small, medium, and large manufacturing units in Goa adopt eco-friendly technologies. The scheme offers financial support through partial reimbursement for water and energy audits and capital subsidies for energy conservation equipment.
Goa government runs this scheme through the Directorate of Industries, Trade and Commerce (DITC). Manufacturing units can apply through an offline process and get money back on approved green investments.
Incentives to Green Investment Scheme - Introduction
Incentives to Green Investment Scheme encourages industrial units to adopt environmentally friendly practices. It helps businesses bring in new technology and renewable energy sources for natural resource conservation. The scheme gives money help through reimbursements for water and energy audits, as well as capital support for buying energy-efficient machinery.
Launched by the Directorate of Industries, Trade and Commerce (DITC), Government of Goa, this scheme supports the move to greener manufacturing. Applications are accepted offline.
Key Information
| Scheme Name | Incentives to Green Investment Scheme |
|---|---|
| Level | State |
| Beneficiary State | Goa |
| Target Beneficiary | Manufacturing Units |
| Benefit Type | Financial Reimbursement |
| Nodal Department | Directorate of Industries, Trade and Commerce (DITC) |
| Operational Status | Offline |
Benefits
This scheme provides financial relief to help lower operational costs while going green.
Water and Energy Audit Reimbursement: A unit receives 25% reimbursement of audit costs, capped at ₹1,00,000 per unit during the scheme validity.
Energy Conservation Equipment Capital Reimbursement: A unit receives 40% reimbursement of the capital cost for buying eligible equipment, up to a maximum of ₹10,00,000 per unit. This benefit can be used multiple times within the prescribed ceiling.
| Metric | Details |
|---|---|
| Audit Reimbursement | 25% of cost (Max ₹1,00,000) |
| Equipment Subsidy | 40% of cost (Max ₹10,00,000) |
| Benchmark Interest Rate | 10% |
Total benefits from all government sources combined should not exceed 100% of the equipment purchase value. Benefits are subject to available budgetary allocations.
Eligibility
To qualify for this investment support, a unit should meet the following criteria:
1. The unit must operate a manufacturing unit in the micro, small, medium, or large category.
2. Water and energy audits should be conducted by an institution or consultant certified by the Bureau of Energy Efficiency, Ministry of Power, Government of India.
3. Any energy conservation equipment claimed must be certified as a capital fixed asset by a Bureau of Energy Efficiency certified consultant.
4. Total subsidies from all government schemes combined must not exceed 100% of the asset purchase value.
Exclusions
Benefits cannot be claimed under this scheme if support has already been received under the Capital Subsidy Scheme for the same energy conservation equipment. Commercial loans that do not include interest subsidies below the 10% benchmark are excluded from the total subsidy calculation.
Application Process
Follow these steps to submit an application for the Incentives to Green Investment Scheme:
STEP 1 - Prepare the application using the official proforma and include the required self-declaration.
STEP 2 - Obtain formal technical reports, such as Water and Energy Audit reports, from a consultant certified by the Bureau of Energy Efficiency.
STEP 3 - Get expenditure and subsidy details verified by a Chartered Accountant, covering invoices and other government subsidies received.
STEP 4 - Submit the complete application package, including all supporting documents, to the Directorate of Industries, Trade and Commerce (DITC), Udyog Bhavan, Panaji.
Once submitted, the Task Force Committee (TFC) will review the application. During this time, officials should be granted access to the facility for inspection if required.
Documents
Keep the following documents ready for the application:
- Self-attested registration copy under the Umbrella Scheme.
- A signed self-declaration in the prescribed format.
- Water and Energy Audit reports or Equipment certification.
- Chartered Accountant certificate confirming the purchase value and invoices.
- Chartered Accountant certificate detailing all other subsidies or soft loans availed.
- A copy of the partnership deed or Memorandum/Articles of Association.
References
FAQ's
Which types of industrial enterprises can apply for this scheme?
Manufacturing units in the micro, small, medium, and large categories are eligible for this support.
Can this benefit be claimed alongside other state or central schemes?
Yes, the capital reimbursement for equipment serves as an additional benefit, provided the total government aid does not exceed 100% of the equipment purchase cost.
What if the government budget for this scheme is exhausted?
Benefits are subject to budget availability. If funds run out, no legal claim can be made against the government.
Who is authorized to conduct the required audits?
The audits must be done by an institution or consultant that holds an official certification from the Bureau of Energy Efficiency, Ministry of Power, Government of India.
What is the benchmark interest rate for calculating interest subsidies?
The scheme uses a 10% benchmark interest rate to calculate notional subsidies from low-interest loans.