Power Subsidy Scheme

Key Features

• Power Subsidy for IT Units -  The scheme provides financial support by subsidising a portion of the electricity charges incurred by IT units operating in Goa. This helps reduce operational expenses for businesses that rely heavily on electricity for their operations.
• Eligibility for New and Existing Units -  Both newly established and existing IT units can avail the subsidy if they meet the eligibility requirements and operate within the state of Goa. This encourages expansion and retention of technology businesses in the state.
• 20% Subsidy on Power Charges -  Eligible units can receive reimbursement equal to 20% of their electricity charges. The subsidy applies only to the power consumption charges and does not include electricity duty, taxes, or other charges included in the electricity bill.
• Maximum Subsidy Limit -  The subsidy is capped at ₹5 lakh per year per unit. This ensures fair distribution of benefits across multiple eligible units while providing meaningful cost support.
• Duration of Support -  The subsidy is available for a period of three years from the date of commencement of operations or from the date of notification of the policy, whichever is later.
• Flexible Claim Frequency -  Businesses can apply for subsidy reimbursement quarterly, bi-annually, or annually depending on their electricity consumption and claim preference.
• Evaluation and Approval Process -  Applications submitted under the scheme are reviewed by the Due Diligence Committee, and the final approval is given by the Empowered Committee, ensuring transparency and verification before disbursement.

Financial Assistance

Eligibility Criteria

To apply for the Power Subsidy Scheme, the applicant must meet the following conditions:

• The unit must be located and operating in the State of Goa.
• Both new and existing IT units are eligible.
• The applicant must be one of the following entities:
  - Proprietorship Firm
  - Private Limited Company (Companies Act, 2013)
  - Public Limited Company
  - Registered Partnership Firm (Indian Partnership Act, 1932)
  - Limited Liability Partnership (LLP Act, 2008)
• The bank accounts of the unit or its partners/directors must be linked with Aadhaar.
• The unit must provide Udyog Aadhaar / Udyam Registration.
• Only electricity expenses incurred during the policy period are eligible for subsidy.

Non-Eligibility Conditions

• Units availing benefits under the Solar Power Subsidy of the policy are not eligible under this scheme.
• Units receiving similar financial incentives under other policies of the Government of Goa are not eligible.
• Benefits are subject to budget allocation, and subsidy may stop if funds are exhausted.
• Eligibility of units is reviewed at the end of each financial year.

Documents Required

• Certificate of incorporation or business registration
• New unit registration certificate
• PAN, Aadhaar and GST registration copies
• Memorandum and Articles of Association
• Proof of commencement of operations (first bill or equivalent document)
• Occupancy certificate from developer or local authority for office space
• Details of employees and percentage of employees of Goan origin
• Copies of electricity bills for the claim period
• Proof of payment of electricity bills

Application Process

Option 1: Apply with Bullit, Recommended

Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.

Option 2: Apply Online / Offline (Government Process)

1. Fill the Common Application Form (Part-1) with required details and documents.
2. Submit the form through the official web portal or email to the Department of Information Technology, Goa.
3. A unique registration number will be generated for the applicant unit.
4. Submit Common Application Form (Part-2) along with incentive-specific forms for claiming subsidy.
5. Attach electricity bills and proof of payment for the claim period.
6. The Due Diligence Committee evaluates the application.
7. The Empowered Committee reviews and approves eligible claims.
8. Subsidy amount is disbursed after approval.

Disbursement Timeline