The Government of India has introduced a new initiative, the Assistance for Deployment of Energy Efficient Technologies in Industrial Establishments (ADEETIE), with a budget of ₹1,000 crore. This scheme aims to enhance energy efficiency in Micro, Small, and Medium Enterprises (MSMEs) and align with India’s green energy objectives.
Overview
Union Minister Manohar Lal Khattar unveiled the ADEETIE scheme to support MSMEs with energy-efficient solutions. This initiative is part of a national mission to promote sustainable industrial growth and reduce carbon emissions in India.
Background
- India’s industrial sector, especially MSMEs, is a significant energy consumer.
- ADEETIE focuses on integrating energy-efficient practices in MSMEs to enhance their competitiveness.
Significance
- ADEETIE aims to improve the power-to-product ratio and promote green energy corridors.
- It encourages MSMEs to adopt advanced technologies for significant energy savings.
Objectives
- Promote deployment of energy-efficient technologies in industrial units.
- Provide financial incentives and subsidies to MSMEs.
- Strengthen the technical capacity of MSMEs for sustainable operations.
- Enable monitoring and verification (M&V) for long-term impact tracking.
Key Features
- ₹1,000 crore total budget with specific allocations:
- ₹875 crore for interest subvention.
- ₹50 crore for energy audits.
- ₹75 crore for implementation support.
- Interest subsidy of 5% for Micro & Small Enterprises and 3% for Medium Enterprises.
- Phase-wise implementation in 14 energy-intensive sectors and 60 industrial clusters.
- Includes support for Investment Grade Energy Audit (IGEA) and Detailed Project Reports (DPRs).
Impact
- The ADEETIE scheme will enhance MSMEs’ competitiveness and lower their energy bills.
- It will catalyze the adoption of clean technologies, reducing carbon emissions and promoting sustainable development.
Key Takeaways for Competitive Exams
- ADEETIE scheme: ₹1,000 crore initiative for energy-efficient solutions in MSMEs.
- Focus on promoting sustainable industrial growth and reducing carbon emissions in India.
- Financial incentives, interest subsidies, and technical support provided to MSMEs.
- Expected impact: Enhanced competitiveness, lower energy bills, and adoption of clean technologies.
