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The Goa Power Subsidy Scheme, launched in 2018 by the Department of Information Technology, offers financial support Read More... by providing a subsidy on electricity bills to eligible IT units operating in the state. Read less

Details

In a bid to boost the Information Technology sector, the Government of Goa introduced the Power Subsidy Scheme in 2018. This initiative is part of Goa's broader IT Policy, aiming to make the state an attractive hub for IT businesses.

What Is This Scheme?

The Power Subsidy Scheme provides financial relief to IT companies in Goa by offering a subsidy on their electricity expenses. This scheme is designed to support both new and existing IT units that are running their operations within the state.

Who Can Benefit From This Scheme?

Any Information Technology Unit based in Goa, whether it's a new establishment or an existing one, can apply. The scheme is open to various business structures, including proprietorships, private and public limited companies, partnership firms, and LLPs, provided they meet the specified criteria.

Why This Scheme Is Important

By reducing the operational cost associated with electricity, this scheme helps IT units in Goa improve their profitability and encourage further investment and expansion. It aligns with the state's vision of becoming a preferred destination for IT companies.

Objective

The Goa Power Subsidy Scheme, launched in 2018 by the Department of Information Technology, offers financial support by providing a subsidy on electricity bills to eligible IT units operating in the state.

Benefits

Financial assistance of ₹5100/- shall be given to the spouse of the registered beneficiary woman employee after the delivery of the child.

Sources and references

Official Website

Eligibility Criteria

Your IT unit must be actively operating in Goa.
You must be one of the following business types:
- Proprietorship Firm
- Private Limited Company registered under the Companies Act, 2013 (or its equivalent)
- Public Limited Company registered under the Companies Act, 2013 (or its equivalent)
- Registered Partnership Firm under the Indian Partnership Act, 1932 (or its equivalent)
- Limited Liability Partnership (LLP) registered under the Limited Liability Partnership Act, 2008 (or its equivalent)
The bank account(s) of the unit and its partners/directors must be linked with Aadhaar.

How To Apply

The scheme allows applications on a quarterly, bi-annual, or annual basis, depending on when you incur the relevant expenses. The process involves several steps:

Application Receipt: The application for the incentive is received.
Scrutiny: Within 30 days of receiving the application, it is thoroughly checked.
Approval: Within 60 days of receipt, the application is either approved or rejected.
Disbursement/Notification: Within 90 days of receipt, either regret letters are issued, or sanction orders are provided for the disbursement of benefits.

For detailed guidelines and to apply, please refer to the official sources.

Documents Required

Copy of your unit's Incorporation Certificate.
Copy of the registration document or certificate for new units.
Copies of PAN, Aadhaar, and GST TIN.
Memorandum and Articles of Association.
A copy of your first bill showing the commencement of operations, or another relevant document.
An occupancy certificate for your office space from the developer or local authority.
Details of your employees, including the percentage of Goan origin employees.
Copies of all electricity bills for the period you're claiming the subsidy, clearly showing the unit's name and address.
Proof of payment for these electricity bills.
Udyog Aadhaar.

FAQ’s

Can I get this power subsidy if I'm already getting benefits from another Goa government scheme?

No, if your unit is already receiving similar financial help from other Government of Goa policies, you cannot apply for the Power Subsidy Scheme.

What's the maximum amount I can get as a subsidy under this scheme?

You can receive a subsidy of 20% on your power bills, but it's capped at a maximum of ₹5,00,000 per year for your unit.

How long will I receive the power subsidy?

The subsidy is provided for a duration of 3 years. This period starts from the date your unit began its operations or from when the policy was officially announced, whichever is later.

Are there any specific types of businesses that are not eligible for this scheme?

Yes, units that are already taking advantage of similar incentives under other Goa government policies or those benefiting from the Solar Power Subsidy under this same policy are not eligible.

What exactly is covered by the 20% subsidy on electricity bills?

The 20% subsidy is applied to the actual power charges. It does not include any duties and taxes, and it's calculated on the power charge itself, not the entire bill amount.

What happens if the total subsidy claims exceed the budget allocated for the scheme?

The benefits are subject to the budget allocation. If the allocated funds are exceeded, the scheme benefits might be discontinued. The policy clearly states that no promissory claims can be made in such a situation.

How often can my business apply for the subsidy?

You can choose to apply for the subsidy on a quarterly, bi-annual, or annual basis, depending on your company's financial cycle and when you've incurred the relevant expenses.

Are there specific conditions for the electricity bills I submit?

Yes, the electricity bills you submit must clearly display your unit's name and address. Also, remember that only expenses incurred while the policy is active are eligible for the subsidy.

Can I apply for this scheme if my unit is already receiving benefits from the Solar Power Subsidy?

No, units that are already receiving benefits from the Solar Power Subsidy are not eligible to also receive benefits under the Power Subsidy Scheme.

What kind of business entities are eligible for this scheme?

The scheme is open to Proprietorship Firms, Private Limited Companies, Public Limited Companies, Registered Partnership Firms, and Limited Liability Partnerships (LLPs), provided they are operating in Goa and meet other criteria.

What proof do I need to show regarding my business registration?

You'll need to provide a copy of your Incorporation Certificate, your company's Memorandum and Articles of Association, and your Udyog Aadhaar. Depending on whether it's a new or existing unit, you'll also need the relevant registration document or certificate.

Is there any provision for compensation if the subsidy payment is delayed?

The scheme guidelines do not mention any provisions for compensation in case there is a delay in the disbursement of the subsidy benefits.

Where can I find the official guidelines for this scheme?

You can find the complete Scheme Guidelines, which include detailed information, at the following web address: https://www.goa.gov.in/wp-content/uploads/2020/08/ITPolicySchemes2018.pdf