Scheme to accelerate industrial energy efficiency unveiled
Union Minister of Power and Housing and Urban Affairs, Manohar Lal Khattar, on Tuesday launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme at Arya (PG) College, Panipat.
The initiative marks a decisive step towards India’s transition to a low-carbon economy by enabling micro, small and medium enterprises (MSMEs) to upgrade to energy-efficient technologies through comprehensive financial and technical support.
The ADEETIE scheme, with a budgetary outlay of Rs 1,000 crore, is being implemented by the Bureau of Energy Efficiency (BEE).
The scheme is structured to provide end-to-end hand holding through subvention on loans, investment grade energy audits, detailed project reports (DPRs) and post-implementation monitoring and verification (M&V). The scheme envisages to provide interest subvention of 5 per cent for micro and small enterprises, and 3 per cent for medium enterprises on loans, ensuring accessibility and affordability for the MSMEs seeking financial aid for energy efficiency (EE) projects.
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
