Power Subsidy Scheme
The Power Subsidy Scheme in Goa offers financial assistance to eligible IT units through a subsidy on power bills.
Key facts
| Benefit | 20% subsidy on power bills, max ₹5,00,000 per annum |
|---|---|
| Who | New and existing IT units in Goa |
| How paid | Direct subsidy on power bills |
| Implemented by | Department of Information Technology, Goa |
| Official portal | goaonline.gov.in |
| Application window | Apply on a quarterly/bi-annually/annual basis after expenses |
Benefits
Beneficiaries receive a subsidy of 20% on their power bills, capped at ₹500,000 per year. This subsidy is available for a maximum duration of three years from the start of operations or the policy notification date, whichever is later.
Who can apply
- For: business
- Resident of Goa
- has aadhaar linked bank account
Eligible applicants include new and existing business units operating in Goa, such as proprietorships, private and public limited companies, registered partnerships, and limited liability partnerships. Additionally, the bank accounts of the unit or its partners/directors must be linked to Aadhaar. Units receiving similar incentives from other Goa government policies or those benefiting from the Solar Power Subsidy are excluded from this scheme.
Who is not eligible
- Units availing similar financial incentives under other policies
- Units availing benefits under the Solar Power Subsidy
How to apply
Applications for the Power Subsidy Scheme can be submitted online through the official Goa Online portal.
- Visit the Official Web Portal of Goa Online and click 'Register'.
- Verify your Email ID and Mobile Number using OTP, then proceed to the Registration Page.
- Complete the registration form with all mandatory fields, create a Login Name and Password, and agree to the Terms & Conditions.
- Log in using your Login Name and Password.
- Navigate to 'Services', select 'IT Services', and click on the scheme name to access the application form.
- Fill in the application form and upload all required documents.
- Submit the application and note the unique registration number for future reference.
Documents required
- Copy of Incorporation Certificate
- Copy of new unit registration document/certificate
- Copies of PAN, Aadhaar and GST TIN
- Memorandum and Articles of Association
- Copy of first bill generated showing the date of commencement of operations or other relevant document
- Occupancy certificate from developer/local authority for said office space
- Details of employees and percentage of employees of Goan origin
- Copies of all electricity bills for the period for which subsidy is being claimed for, clearly showing the name and address of the unit
- Proof of payment of the bills
- Udyog Aadhaar
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application rejected | Ensure all mandatory documents are submitted and correctly filled in the application form. |
| Payment not received | Check the status of your application using the unique registration number provided after submission. |
Frequently asked questions
What types of business units are eligible for the Power Subsidy Scheme?
Eligible units include proprietorships, private and public limited companies, registered partnerships, and limited liability partnerships that operate in Goa.
Are there any exclusions for this scheme?
Yes, units that are already receiving similar financial incentives from other Goa government policies or those benefiting from the Solar Power Subsidy cannot apply for this scheme.
How is the subsidy amount calculated under this scheme?
The subsidy is calculated as 20% of the power bills, with a maximum limit of ₹500,000 per annum, applicable only to power charges excluding duties and taxes.
What is the duration for which the subsidy is available?
The subsidy is available for three years from the date of commencement of operations or from the date of policy notification, whichever is later.
How frequently can an applicant submit claims for the subsidy?
Applicants can submit claims on a quarterly, bi-annual, or annual basis after incurring the relevant expenditure.
What documents are required to apply for the Power Subsidy Scheme?
Required documents include the Incorporation Certificate, registration documents, PAN, Aadhaar, GST TIN, occupancy certificate, employee details, electricity bills, proof of payment, and Udyog Aadhaar.
Key terms explained
- Aadhaar
- A 12-digit unique identity number issued by UIDAI. Most schemes use it to confirm identity and link your bank account for payments.
Always confirm the latest details on the official portal before applying.
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