ENA Sectors 2024-11-19 15:55:25 <p><span style="font-size:14px"><strong>New Delhi, Nov 19 (KNN)</strong> The Ministry of Power is set to unveil a Rs 10 billion initiative next month aimed at helping micro, small, and medium enterprises (MSMEs) adopt advanced energy-efficient technologies.</span></p> <p><span style="font-size:14px">The scheme, named Assistance in Deploying Energy Efficient Technologies in Industries &amp; Establishments (ADEETIE), will be managed by the Bureau of Energy Efficiency (BEE), according to a senior official from the ministry.</span></p> <p><span style="font-size:14px">With an initial allocation of Rs 1,000 crore, ADEETIE will provide financial support through interest subsidies. Small enterprises will receive a 5 per cent interest subsidy, while medium enterprises are eligible for 3 per cent on loans taken to implement energy-saving technologies. Large corporations, however, are excluded from this program.</span></p> <p><span style="font-size:14px">The guidelines for the scheme have been finalised and will soon be shared with stakeholders to ensure smooth execution, the official said.</span></p> <p><span style="font-size:14px">This initiative aligns with India's commitment to achieve net-zero emissions by 2070, focusing on reducing industrial energy costs and carbon footprints.</span></p> <p><span style="font-size:14px">Supported technologies include automation systems, combustion control for boilers, methane capture, and air-dyeing technologies.</span></p> <p><span style="font-size:14px">ADEETIE also features capacity-building provisions, with an online platform managed by BEE to streamline financing and project execution.</span></p> <p><span style="font-size:14px">The program complements legislative efforts such as the Energy Conservation (Amendment) Bill, 2022, which mandates clean energy adoption and establishes carbon markets.</span></p> <p><span style="font-size:14px">The MSME sector, contributing 40 per cent of Indias industrial output and exports and 37.54 per cent to GDP, is a critical focus area. By reducing energy costs and emissions, ADEETIE aims to bolster MSMEs global competitiveness.</span></p> <p><span style="font-size:14px">Expected to launch in December, this scheme underscores the governments commitment to facilitating the adoption of advanced, cost-effective energy solutions for MSMEs, a vital step in India's broader energy conservation strategy.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39964 https://knnindia.co.in/news/newsdetails/sectors/adeetie-scheme-offers-interest-subsidy-of-5-to-small-3-to-medium-enterprises-for-energy-efficient-technologies 2024-11-19 15:55:25 knnindia.co.in