Ministry of Power has launched Assistance in Deploying Energy Efficient Technologies in Industries & Establishments (ADEETIE) scheme.
Why was it launched?
- To enable Micro, Small, and Medium Enterprises (MSMEs) to upgrade to energy-efficient technologies through comprehensive financial and technical support.
- To support India’s climate targets, including reducing emissions intensity by 45% by 2030 and achieving Net Zero by 2070.
About ADEETIE Scheme
Nodal Ministry: Ministry of Power
Implementing Agency: Bureau of Energy Efficiency (BEE)
ADEETIE portal: To facilitate the financing process for the beneficiaries.
Objective:
- To accelerate the adoption of advanced energy-efficient technologies across India’s Micro, Small, and Medium Enterprises (MSME) sector.
Interest Subvention Support:
- MSMEs can avail 5% interest subvention for Micro & Small Enterprises and 3% for Medium Enterprises on loans for adopting energy-efficient technologies.
End-to-End Technical Support:
- It will provide end -to-end hand holding through subvention on loans, Investment Grade Energy Audits (IGEA), Detailed Project Reports (DPRs), and post-implementation Monitoring and Verification (M&V).
Target Sectors:
- It covers 14 energy-intensive sectors – Brass, Bricks, Ceramics, Chemicals, Fishery, Food Processing, Forging, Foundry, Glass, Leather, Paper, Pharma, Steel Re-rolling, and Textiles.
Implementation Approach:
- It will follow a phased roll-out, beginning with 60 industrial clusters in the first phase, followed by an additional 100 clusters in the second phase.
Implementation Period:
- 3 years, spanning FY 2025-26 to FY 2027-28. This will allow for progressive deployment, course correction, and scaling based on early outcomes.
Total outlay: Rs 1000 crore, comprising:
- Rs 875 crore for interest subvention
- Rs 50 crore for Investment Grade Energy Audit support
- Rs. 75 crore for handholding support through BEE
Expected Outcome:
- To catalyze ₹9000 crore in investments, including ₹6750 crore of MSME lending