Incentives to Green Investment Scheme

The Directorate of Industries, Trade and Commerce (DITC), Government of Goa, administers the Incentives to Green Investment Scheme. It provides financial support to manufacturing units of all scales—Micro, Small, Medium, and Large—to encourage environmentally sustainable operations. The scheme promotes the use of advanced, eco-friendly equipment and processes, along with the integration of new technologies and renewable energy solutions, to aid in conserving Goa's natural resources.

Financial relief is offered through reimbursement for Water and Energy Audits and Capital Reimbursement for Energy Conservation Equipment. This supports units in identifying inefficiencies and implementing corrective measures. Applications are accepted offline through a structured process.

- Access the prescribed application proforma and fill in the self-declaration as per the given format. - Arrange for mandatory technical certifications or audit reports—such as the Water and Energy Audit report or certification for Energy Conservation Equipment—from a BEE-accredited institution or consultant. - Obtain a Chartered Accountant's certificate that verifies the equipment purchase value, the related invoices, and itemises all subsidies received (including soft loans and interest) for the equipment, along with any benefits availed under similar Government of India schemes. - Submit the full application package, comprising the proforma and all requisite documents and certificates, to the Directorate of Industries, Trade and Commerce (DITC) at Udyog Bhavan, Panaji.

The Task Force Committee (TFC) reviews each application, with a representative from the Goa Energy Development Corporation included in its membership. The committee assesses submissions against the scheme’s objectives and eligibility criteria before recommending approval of benefits.

After incentives are disbursed, successful applicants must comply with the scheme’s terms. This includes allowing any official authorised by the Directorate of Industries, Trade and Commerce unrestricted access for periodic inspections of the unit, its registers, and employee discussions, ensuring proper use of the financial incentives and subsidies provided by the State Government.