Latest news with #ADEETIE
Hans India
4 days ago
- Business
- Hans India
Maximise benefits of `1,000 cr scheme, Centre urges states
Vijayawada: In a major step towards strengthen India's MSME sector and promote sustainable industrial practices, the ministry of power has launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme, backed by a Rs 1,000-crore Central budget. Launched nationally from Panipat, the scheme is being implemented by the Bureau of Energy Efficiency (BEE) and is designed to fast-track the adoption of advanced energy-efficient technologies in MSMEs—an economic backbone employing millions and driving innovation across sectors. As part of the national rollout, BEE has appealed to all state governments to take immediate and focused action in scaling up implementation of the ADEETIE scheme. States have been urged to engage their State Designated Agencies (SDAs) to proactively educate stakeholders, identify eligible clusters, and provide end-to-end support to MSMEs for seamless technology transition. 'ADEETIE is a big boon to the MSME sector,' said Akash Tripathi, additional secretary, ministry of power and director general, BEE. 'We urge all states to capitalize on this opportunity from the very beginning to ensure the scheme's success and maximize benefits for their industries.' Of the Rs.1,000-crore budget, Rs 875 crore is earmarked as interest subvention to ease access to concessional finance for energy-efficient upgrades, while Rs 50 crore is allocated for implementation and capacity-building. The initiative is expected to leverage total investments of over Rs 9,000 crore, including significant lending by MSMEs themselves. The scheme provides comprehensive support—from Investment Grade Energy Audits (IGEA) and Detailed Project Reports (DPRs) to financing assistance and Monitoring and Verification (M&V)—ensuring measurable energy savings, reduced costs, and enhanced productivity. ADEETIE is operational across 60 industrial clusters and 14 energy-intensive sectors, including textiles, foundries, and food processing, among others. A phased, cluster-specific approach is being adopted to tailor interventions and ensure measurable outcomes. Apart from Kochi, Bhuvneshwar, West Godavari of Andhra Pradesh was selected under ADEETIE Scheme for fisheries. Apart from Ambala, Firozabad, Chirkunda, East and West Godavari of AP have been selected for glass and refractory Sector. The Union government sees this scheme as a pivotal tool not just for post-pandemic recovery, but for long-term sustainability, job creation, and achieving India's climate and net-zero goals. The ministry of power has specially acknowledged the proactive role of states like Andhra Pradesh, Telangana, Kerala, Karnataka and Tamil Nadu, while calling upon all states to rise to the occasion and make ADEETIE a turning point in India's clean industrial growth.
New Indian Express
4 days ago
- Business
- New Indian Express
Centre launches Rs 1,000-crore ADEETIE scheme to boost energy efficiency in MSMEs
VIJAYAWADA: The Ministry of Power has launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme, a Rs 1,000-crore initiative to promote advanced energy efficiency in India's Micro, Small, and Medium Enterprises (MSMEs). Launched nationally from Panipat and implemented by the Bureau of Energy Efficiency (BEE), the scheme aims to modernise MSMEs — a backbone of India's economy — through the adoption of cutting-edge, energy-saving technologies. Of the total, Rs 875 crore is earmarked for interest subvention, enabling affordable financing for MSMEs to upgrade infrastructure. An additional Rs 50 crore will support implementation and capacity-building. The scheme is expected to mobilise over Rs 9,000 crore in total investments, drawing participation from the MSME sector. It offers a comprehensive support system including Investment Grade Energy Audits (IGEA), Detailed Project Reports (DPRs), financial facilitation, and Monitoring & Verification (M&V) to ensure measurable improvements in energy savings, production costs, and overall efficiency. Akash Tripathi, Additional Secretary, Ministry of Power and Director General, BEE, termed the scheme 'a game-changer' for the sector. 'We urge all states to take early initiative to unlock the full benefits of this scheme,' he said. The State governments have been asked to activate their State Designated Agencies (SDAs) to identify eligible industrial clusters, promote awareness, and assist MSMEs in transitioning to energy-efficient systems. BEE Secretary Milind Deore stressed the importance of state-level engagement to scale up the programme. ADEETIE targets 60 industrial clusters and 14 high-energy-consuming sectors, including textiles, food processing, and foundries, using a cluster-based approach. In AP, West Godavari is selected for the fisheries sector, while EG and WG, Ambala, Firozabad, and Chirkunda are among those selected for glass sectors.
The Hindu
5 days ago
- Business
- The Hindu
BEE rolling out ADEETIE scheme in West and East Godavari districts
The Bureau of Energy Efficiency (BEE) of the Ministry of Power (MoP) has introduced 'Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme' in Andhra Pradesh. Micro, Small and Medium Enterprises (MSME) in the fisheries sector in West Godavari district and glass manufacturing (refractory) units in West and East Godavari districts would be the first beneficiaries, according to a press release by BEE Media Advisor (South India) A. Chandra Sekhar Reddy. He said BEE Director-General Akash Tripathi had appealed to all State governments to immediately scale up the implementation of ADEETIE scheme, for which the Centre had allocated a budget of ₹1,000 crore. Of this, ₹875 crore is meant for interest subvention to ease access to concessional finance for Energy-Efficient (EE) upgrades, and ₹50 crore for implementation and capacity-building. The MoP acknowledged the proactive role of A.P., Telangana, Kerala, Karnataka and Tamil Nadu in implementing ADEETIE scheme, which is designed to fast-track the adoption of advanced Energy-Efficient (EE) technologies in MSME, which were the backbone of the economy that provides employment to millions and drive innovation across sectors. The ADEETIE is expected to leverage total investments of over ₹9,000 crore. The scheme provides comprehensive support to MSME from investment grade energy audits and DPRs to financing assistance and monitoring and verification, ensuring measurable energy savings, reduced costs and enhanced productivity.
Time of India
15-07-2025
- 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
15-07-2025
- 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.
