Incentives to Green Investment Scheme
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.
About This Scheme
The “Incentives to Green Investment Scheme” was launched by the Directorate of Industries, Trade and Commerce (DITC), Government of Goa. The scheme aims to give financial support to industrial units for adopting environmentally friendly equipment and processes, and to support the adoption of new technology and renewable energy aimed at conserving the use of natural resources. The scheme provides reimbursement for Water and Energy Audits and Capital Reimbursement for Energy Conservation Equipment. The applications for this scheme are accepted offline.
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.
Eligibility Criteria
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.
Application Process
Apply Offline
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.
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.
Official Source: View on myScheme.gov.in
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.
Application Process
Apply Offline
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.
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.
Frequently Asked Questions
References & Official Links
Scheme Details
| Full Name | Incentives to Green Investment Scheme |
| Short Title | IGIS |
| Level | State |
| Scheme For | Individual |
| Ministry | Ministry of Education |
| Categories | Business & Entrepreneurship |
| States | Goa |
| Gender | All |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |
Deepika Raikwar · 📅 04 Apr 2026
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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