Incentives to Green Investment Scheme

The Directorate of Industries, Trade and Commerce (DITC), Government of Goa, introduced the Incentives to Green Investment Scheme to support environmental sustainability in the state's industrial sector. Manufacturing units of every scale — Micro, Small, Medium and Large — can access financial assistance under the scheme to shift towards more eco-friendly operations.

The scheme encourages the uptake of advanced, environmentally sound equipment and processes, along with the adoption of new technologies and renewable energy solutions. Through this, it seeks to contribute to the conservation of Goa's natural resources.

Financial relief takes two forms: reimbursement for comprehensive Water and Energy Audits, and Capital Reimbursement for the purchase of Energy Conservation Equipment. Together, these support units in both identifying inefficiencies and acting on them.

Applications are accepted offline through a structured process.

- Download the prescribed application proforma and fill in the self-declaration exactly as per the given format. - Procure the required technical certifications or audit reports — for instance, the Water and Energy Audit report, or certification for Energy Conservation Equipment — from an institution or consultant certified by BEE. - Arrange a Chartered Accountant's certificate covering the equipment purchase value and the related invoices, listing every subsidy availed (soft loans and interest included) for that equipment, along with any benefits received under comparable Government of India schemes. - Send the full application package — proforma together with all supporting documents and certificates — to the Directorate of Industries, Trade and Commerce (DITC), Udyog Bhavan, Panaji.

A dedicated Task Force Committee (TFC) scrutinises every application. The committee, on which a representative of the Goa Energy Development Corporation sits, measures each submission against the scheme's objectives and eligibility criteria, and then recommends whether benefits should be approved.

Once incentives have been disbursed, recipients must keep to the scheme's terms without deviation. This means allowing any official authorised by the Directorate of Industries, Trade and Commerce free and unfettered access to inspect and supervise the unit, its registers, and to hold discussions with employees. The purpose is to confirm that the financial incentives and subsidies extended by the State Government are used properly and can be accounted for.