Latest news with #ADEETIE
Time of India
5 days ago
- Business
- Time of India
Power ministry bets Rs 1,000cr on energy-smart MSMEs
New Delhi: The power ministry on Tuesday launched a ₹1,000-crore scheme to support micro, small and medium enterprises (MSMEs) in adopting energy-efficient technologies. Under the Assistance in Deploying Energy Efficient Technologies in Industries & Establishments (ADEETIE) scheme, the government will provide an interest subvention of 5% for micro and small enterprises, and 3% for medium enterprises on loans. The scheme is also designed to offer end-to-end handholding through investment-grade energy audits, detailed project reports, and post-implementation monitoring and verification. Ads By Google Ad will close in 29 Skip ad in 4 Skip Ad It covers 14 energy-intensive sectors, including brass, bricks, ceramics, chemicals, fishery, food processing, forging, foundry, glass, leather, paper, pharma, steel re-rolling, and textiles. ADEETIE will be rolled out in phases, beginning with 60 industrial clusters in the first phase, followed by another 100 in the second phase. "With the right mix of incentives and support mechanisms, we are catalysing investments in cleaner, more efficient technologies," said power minister Manohar Lal. The scheme will be implemented over three years, starting in FY26, the ministry said in a statement. ET had earlier reported on the scheme being conceived by the ministry through the Bureau of Energy Efficiency (BEE). Of the total outlay, ₹875 crore is allocated for interest subvention, ₹50 crore for investment-grade energy audit support, and the remainder for handholding support through BEE. The scheme is expected to catalyse ₹9,000 crore in investments, including ₹6,750 crore in MSME lending.
India.com
5 days ago
- Business
- India.com
Centre Unveils Rs 1,000 Cr Scheme To Help MSMEs Upgrade To Energy-Efficient Tech
New Delhi: The Centre on Tuesday launched a new Rs 1,000 crore scheme to enable micro, small and medium enterprises (MSMEs) upgrade to energy-efficient technologies through comprehensive financial and technical support. The Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) was officially launched by Power Minister Manohar Lal in Panipat, Haryana, according to a ministry statement. 'ADEETIE is a transformative movement to empower Indian industries, especially MSMEs, to become globally competitive through sustainability. With the right mix of incentives and support mechanisms, we are catalysing investments in cleaner, more efficient technologies,' said the minister. The ADEETIE scheme is being implemented by the Bureau of Energy Efficiency (BEE). The scheme covers 14 energy-intensive sectors. 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. The scheme will be implemented over three years, spanning FY 2025-26 to FY 2027-28, allowing for progressive deployment, course correction, and scaling based on early outcomes. The total outlay of Rs 1,000 crore comprises Rs 875 crore for interest subvention, Rs 50 crore for Investment Grade Energy Audit support and Rs 75 crore for handholding support through BEE. The scheme is expected to catalyse Rs 9,000 crore in investments, including Rs 6,750 crore of MSME lending. 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 MSMEs seeking financial aid for energy efficiency (EE) projects. In his address, Manohar Lal emphasised the importance of power in driving economic growth, aligned with the vision of Viksit Bharat, highlighting the role of renewables, energy efficiency, and environmental conservation, especially in the MSME sector. The minister noted various technologies featured in the ADEETIE scheme can help MSMEs reduce energy consumption by 30–50 per cent, improve the power-to-product ratio, and support the creation of green energy corridors. He also underscored the significance of industrial energy efficiency in reducing India's carbon footprint and achieving its international climate commitments. Pankaj Agarwal, Secretary, Ministry of Power, highlighted the pivotal role of BEE in scaling up energy efficiency projects and mainstreaming them across India's industrial ecosystem. He highlighted the scheme's focus on widespread adoption across 14 energy-intensive sectors and 60 identified clusters in the initial phase. Agarwal also stressed the need for a supportive policy and financing framework to empower MSMEs as key drivers of climate action.
Time of India
5 days ago
- Business
- Time of India
Centre rolls out ₹1,000 crore ADEETIE scheme for MSMEs to adopt energy-efficient technologies
New Delhi: The Union Ministry of Power on Tuesday launched the ₹1,000 crore Assistance in Deploying Energy Efficient Technologies in Industries & Establishments (ADEETIE) scheme to support Micro, Small, and Medium Enterprises ( MSMEs ) in adopting cleaner and energy-efficient technologies . The scheme was officially launched by Union Minister of Power and Housing & Urban Affairs Manohar Lal at Arya (P.G.) College in Panipat, Haryana. The ADEETIE scheme , implemented by the Bureau of Energy Efficiency (BEE), aims to provide financial and technical assistance to MSMEs through interest subvention on loans, investment grade energy audits, preparation of detailed project reports (DPRs), and post-implementation monitoring and verification. Interest subvention and budgetary allocation The scheme offers interest subvention of 5% for Micro and Small Enterprises and 3% for Medium Enterprises seeking loans for energy efficiency projects. Of the total outlay, ₹875 crore is earmarked for interest subvention, ₹50 crore for energy audits, and ₹75 crore for implementation support. According to BEE, the scheme is expected to mobilise ₹9,000 crore in investments, including ₹6,750 crore in prospective lending by MSMEs. Portal launched to streamline financing At the launch event, the Minister also unveiled the scheme brochure and inaugurated the dedicated portal ( ) to streamline the financing process for eligible beneficiaries. 'ADEETIE is a transformative movement to empower Indian industries, especially MSMEs, to become globally competitive through sustainability. With the right mix of incentives and support mechanisms, we are catalyzing investments in cleaner, more efficient technologies,' said Union Minister Manohar Lal. He added that various technologies featured under the scheme could help reduce MSMEs' energy consumption by 30–50%, improve the power-to-product ratio, and contribute to the development of green energy corridors. Focus on 60 MSME clusters, 14 sectors Pankaj Agarwal, Secretary, Ministry of Power, said that BEE will play a central role in scaling up energy efficiency across 14 energy-intensive sectors and 60 identified MSME clusters in the first phase. He called for an enabling policy and financing environment to support MSMEs as contributors to India's climate goals. A.K. Singh, Additional Chief Secretary (Energy), Government of Haryana, urged MSMEs to join the initiative to move away from fossil fuels and adopt sustainable practices. Support for MSME-led clean transition Akash Tripathi, Additional Secretary and Director General, BEE, said, 'The scheme will offer both technical and financial handholding to MSMEs. As India focuses on export-oriented industries, energy efficiency must be central to that growth — both to enhance productivity and reduce emissions.' The event also included the distribution of appreciation certificates to MSME units that participated in the pilot phase, and signing of MoUs with industrial associations. Two MSME representatives also shared early success stories from their participation in energy audits and technology upgrades. The ADEETIE scheme is aimed at accelerating India's shift to a low-carbon economy by equipping MSMEs with the tools needed to reduce energy intensity and enhance competitiveness.
Time of India
5 days ago
- Business
- Time of India
Andhra Pradesh to play key role in MSME-centric ADEETIE scheme
Visakhapatnam: In a move to boost industrial competitiveness and drive economic sustainability, the Union ministry of power, through the Bureau of Energy Efficiency (BEE), is launching a pioneering scheme — ADEETIE (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments). The scheme aims to accelerate the adoption of advanced energy-efficient technologies across the micro, small, and medium enterprises (MSME) sector. The national roll-out ceremony of ADEETIE will be held on July 15, Tuesday, in Panipat. Notably, Andhra Pradesh has been at the forefront of energy efficiency efforts. The Andhra Pradesh State Energy Conservation Mission (APSECM) will participate in the Panipat event, alongside senior officials from the state ministry of power . The state has already implemented successful decarbonisation and energy efficiency projects across key MSME clusters—gold ornaments in Vijayawada, jewellery in Machilipatnam, food processing in Chittoor, and pharmaceuticals in Achutapuram. These initiatives have resulted in substantial energy savings and enhanced economic performance, positioning Andhra Pradesh as a model for other regions under the ADEETIE framework. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Likewise, Andhra Pradesh is expected to play key role in the new scheme. According to BEE southern region media advisor A Chandrasekhara Reddy, ADEETIE is an initiative designed to bring global best practices in energy efficiency to India's MSME landscape by offering technical support, interest subvention on loans, and policy backing. "This will empower industries to reduce energy costs, improve productivity, and contribute meaningfully to India's clean energy transition. The Panipat event will witness the inauguration of the ADEETIE web portal , release of the official scheme brochure, felicitation of MSMEs that have taken early steps in adopting energy-efficient technologies, and the signing of MoUs between BEE and key MSME industry associations to scale up implementation across industrial clusters," said Reddy. India's commitment to reducing the emissions intensity of its GDP by 45% by 2030 under the Paris Agreement finds strong alignment with the objectives of ADEETIE, which also supports sustainable industrialisation and grassroots innovation. The scheme is poised to transform MSME sector—long considered the backbone of the economy—into a model of energy-smart manufacturing and climate leadership. BEE extended its gratitude to the ministry of power for their exceptional support in launching the ADEETIE scheme and acknowledged the efforts of states like Andhra Pradesh in piloting energy-efficient technologies. The ADEETIE scheme reinforces India's broader climate commitments, including reducing emissions intensity by 45% by 2030 and achieving net zero emissions by 2070. MoUs will be signed with MSME associations to expand the implementation across clusters Andhra Pradesh is among the early adopters, with pilot projects in sectors like jewellery, food processing, and pharmaceuticals
Time of India
6 days ago
- Business
- Time of India
Centre to launch ADEETIE scheme to drive energy efficiency across MSMEs
In a major push toward industrial sustainability and climate goals , the Union Ministry of Power , through the Bureau of Energy Efficiency (BEE), will launch the Assistance in Deploying Energy Efficient Technologies in Industries & Establishments (ADEETIE) scheme on July 15, 2025, in Panipat, Haryana, as reported by Financial Express. The initiative aims to accelerate the adoption of advanced energy-efficient technologies across India's Micro, Small, and Medium Enterprises (MSME) sector. Union Minister for Power and Housing & Urban Affairs, Shri Manohar Lal, along with senior officials from the Ministry and Haryana government, will inaugurate the national roll-out event. Key highlights include the launch of the ADEETIE web portal, release of the scheme brochure, signing of MoUs with major MSME industrial associations, and felicitation of exemplary MSME units. The scheme provides technical support, interest subsidies on loans, and policy guidance to help MSMEs lower energy costs and enhance productivity. It supports India's climate targets, including reducing emissions intensity by 45 per cent by 2030 and achieving Net Zero by 2070 . The launch will see participation from top officials, State Designated Agencies (including AP State Energy Conservation Mission), industry leaders, and financial institutions. A BEE Media Advisor for Southern States & UTs called the launch a defining moment for energy transformation. ADEETIE builds on successful pilot projects like Andhra Pradesh's decarbonisation efforts in MSME clusters for gold, jewellery, food processing, and pharma, which have already yielded energy and cost savings. The scheme aims to scale such successes nationwide and establish the MSME sector as a global leader.
