Incentives to Green Investment Scheme

##### *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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• 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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##### *Step 1:* *Access the Application Proforma and Complete the Self-Declaration*

The 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 Reports*

The 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 Subsidies*

• The 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 Commerce*

The 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*.

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##### *Post-Application Processes*

##### *Step 1:* *Application Scrutiny and Recommendation*

The 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 Compliance*

The 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.

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