Government Incentives to IGBC-rated Green Building Projects
IGBC is very closely working with several Central and State Government agencies to promote the green building movement in the country. Some of the Central and State Government agencies have given recognition to IGBCs' Green Rating Systems. The list of incentives provided are appended below:
The Ministry of Environment, Forest and Climate Change (MoEFCC),
Government of India, offers fast track environmental clearance for green building projects which are Precertified/ Provisionally Certified by IGBC.
Government of Punjab
Government of Rajasthan
Urban Development Department
offers additional 0.075, 0.10 and 0.15 BAR free of charge for projects which are rated Silver, Gold and Platinum respectively by IGBC.
Rajasthan Investment Promotion Scheme - 2019
offers Enterprises of MSME sector a subsidy in the form of reimbursement of 50% of amount paid to the suppliers for the plant, excluding civil work, for adopting Green Building Measures (means process or technology adopted to obtain green rating under Indian Green Building Council) for building having a minimum floor space of 2,000 sq mtrs, subject to a maximum of Rs Fifty Lakhs only and this shall be a one time assistance.
Government of West Bengal
All IGBC rated green building projects in the MSME sector shall be eligible for financial assistance at concessional rates from
Small Industries Development Bank of India (SIDBI).
Government of Uttar Pradesh
Government of Andhra Pradesh
Government of Himachal Pradesh (Town & Country Planning Deptt)
offers an additional 10% FAR for projects which are granted Gold / Platinum rating by IGBC.
Urban Development and Housing Department, Government of Jharkhand
offers an additional FAR of 3%, 5% and 7% for Green Buildings rated by IGBC as Silver, Gold and Platinum respectively.
Government of Haryana (Town & Country Planning Department),
as per amendment in chapter 6 of the Haryana Building Code 2017 on 8 May 2018, offers an additional FAR (Floor Area Ratio) of 9%, 12% and 15% for Green Buildings rated as Silver, Gold and Platinum respectively by IGBC.
Government of Maharashtra
Government of Gujarat
Gujrat Tourism Policy 2021-25
offers reimbursement of 50% of Certification fee, with a maximum limit of INR 10.0 lakh, to hotel / wellness resorts obtaining green rating from Indian Green Building Council (IGBC).
Industries Commissionerate, Industries and Mines Department
provides incentive upto 50% of consulting charges, with a maximum limit of INR 2.50 lakh, for Industrial Buildings with green rating from Indian Green Building Council (IGBC).
Climate Change Department
offers reimbursement up to INR 3 lakhs OR 50% of IGBC Certification fee, whichever is lesser, to projects obtaining green building certification from IGBC.
Refinancing at competitive interest rate, as part of the Sunref - Affordable Green Housing India programme
for designated Primary Lending Institutions (PLIs). The loans from these PLIs is meant for buyers and project developers of residential projects (targeting EWS, LIG, MIG income groups) which achieve Gold or Platinum under IGBC Green Homes Rating and IGBC Green Affordable Housing Rating. The developers of such projects can also get the cost of IGBC certification reimbursed as part of the Sunref programme.
Government of Tamil Nadu
TN Industrial Policy 2021,
offers a 25% subsidy on the cost of setting up environmental protection infrastructure, subject to a limit of Rs. 1 cr., for industrial projects that obtain IGBC green certification. Projects establishing or expanding industrial units, industrial parks, R&D projects, warehousing and logistics parks shall be eligible for availing this Green Industry Incentive.
- TN Data Centre Policy 2021,
offers Data Centre Units undertaking green and sustainable initiatives as per IGBC rating shall be eligible for a 25% subsidy on cost of undertaking such initiatives, subject to an upper limit of Rs. 5 Crore. (Document attached to be linked with TN data Centre Policy 2021)
Government of Kerala
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