Power Subsidy Scheme

About This Scheme

Launched in 2018, the "Power Subsidy Scheme" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. The objective and the scope of this scheme is to provide Power Subsidy to the eligible Information Technology Units in the State of Goa. All the New and Existing Units having their operations in Goa are eligible. The scheme has been framed as a part of Goa's IT Policy that envisages Goa as an aspirational geographical and human resource base for IT Units and a preferred destination for their investment and expansion.

Eligibility

1. All the new and existing units must have their operations in Goa. 2. The applicant must be one of the below: - Proprietorship Firm - Private Limited Company incorporated under the Companies Act, 2013 (or equivalent) - Public Limited Company incorporated under the Companies Act, 2013 (or equivalent) - Registered Partnership Firm incorporated under the Indian Partnership Act, 1932 (or equivalent) - Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008 (or equivalent) 3. The bank accounts of the unit and/or its partner(s)/director(s) should be linked to Aadhaar.

Benefits

- 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.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.