What you get
- 20% subsidy on power bills (on the power charges, excluding any duty and taxes, but not on the total bill), subject to a maximum of ₹ 5,00,000 per annum per Unit whichever is lower. | - The subsidy will be provided for a period of 3 years from the date of commencement of operations or from the date of notification of this policy whichever is later. | NOTE 1: The benefits under this scheme are subject to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case the allocation is exceeded. | NOTE 2: Only expenditure incurred during the operation of the Policy will be eligible for the rebate.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Could you provide a detailed overview of the eligibility criteria for units seeking benefits under the "Power Subsidy Scheme"?
Certainly! Eligible units must operate in Goa and fall under categories such as Proprietorship Firm, Private Limited Company, Public Limited Company, Registered Partnership Firm, or Limited Liability Partnership. Additionally, their bank accounts should be linked to Aadhaar.
Are there any specific exclusions for units applying for benefits under the "Power Subsidy Scheme"?
Yes, units availing similar incentives under other Government of Goa policies or benefiting from the Solar Power Subsidy are excluded from availing benefits under this scheme.
What are the tangible benefits offered under the "Power Subsidy Scheme," and how are these benefits calculated?
Eligible units receive a 20% subsidy on power bills, up to a maximum of [?]5,00,000 per annum per unit. This subsidy applies to power charges, excluding duty and taxes but not on the total bill.
Could you elaborate on the duration for which the subsidy is provided under the "Power Subsidy Scheme"?
Certainly! The subsidy is provided for a generous period of 3 years, commencing from the date of the unit's operations or from the date of policy notification, whichever is later.
Are there any specific conditions regarding the allocation of benefits under the "Power Subsidy Scheme"?
Yes, benefits are subject to budgetary allocation. It's important to note that no Promissory Estoppel is applicable if benefits are discontinued due to exceeding the allocation.
How often can an applicant apply for the "Power Subsidy Scheme"?
An applicant can apply on a quarterly, bi-annual, or annual basis after incurring the relevant expenditure, providing flexibility to align with their operational timelines.
Could you outline the timeline for the disbursement process, including key milestones?
Certainly! The timeline includes D (Incentive Application Receipt), D+30 days (Application scrutiny), D+60 days (Application approval), and D+90 days (Issue of Regret Letter/Sanction Orders and Disbursement), ensuring a systematic and timely process.
Are there any specific conditions for the bills claimed under the "Power Subsidy Scheme"?
Yes, the bills claimed should clearly show the name and address of the unit. It's essential to note that only expenditure incurred during the operation of the Policy is eligible for the rebate.
Can an applicant avail benefits under the "Power Subsidy Scheme" while simultaneously benefiting from other government policies in Goa?
No, units availing similar financial incentives under other Government of Goa policies are excluded from availing benefits under the "Power Subsidy Scheme."
Can a unit apply for the scheme if it has already availed benefits under the Solar Power Subsidy of the Policy?
No, units availing benefits under the Solar Power Subsidy of the Policy are not eligible for benefits under the "Power Subsidy Scheme."
Where Can I Find The Link To The Scheme Guidelines?
You can access the comprehensive Scheme Guidelines, which provide intricate details and instructions, at the following web address: https://www.goa.gov.in/wp-content/uploads/2020/08/ITPolicySchemes2018.pdf
Is There Any Compensation For The Delay In The Disbursal Of The Scheme Benefits?
The guidelines do not mention any provision for compensation in the event of delayed disbursement of scheme benefits.