Power ministry likely to roll out Rs 10 Bn interest subvention scheme

19 Nov 2024 CW Team

The proposed scheme, named Assistance in Deploying Energy Efficient Technologies in Industries & Establishment (ADEETIE), will be managed by the Bureau of Energy Efficiency (BEE) and aims to help MSMEs reduce energy costs and emissions.

“The ADEETIE scheme is expected to be launched with an allocation of Rs 1,000 crore,” an official said, adding that large companies have been excluded from the program’s scope. “Guidelines have been prepared and will be shared with the industry to ensure smooth implementation.”

Under the scheme, MSMEs will receive an interest subsidy of 5% for small enterprises and 3% for medium enterprises on loans taken to implement energy-efficient technologies. The initiative comes as part of India's commitment to meet its net-zero emissions target by 2070, with the government pushing for lower energy costs and emissions in the industrial sector.

Technologies likely to be supported under this scheme include automation systems, combustion control systems for boilers, methane capture, and air-dyeing technology. The scheme also includes provisions for capacity building, with BEE providing assistance through its ADEETIE online platform, designed to facilitate financing for energy-efficient projects in the MSME sector.

The initiative is aligned with recent legislative steps, including the Energy Conservation (Amendment) Bill, 2022, passed by Parliament last December, which mandates the use of clean energy and enables the establishment of carbon markets.

The MSME sector, contributing 40% of India’s industrial output and exports and approximately 37.54% to the GDP, is a key focus for the government in achieving energy savings. The ADEETIE scheme, expected to launch by December, reflects the government’s intent to lower the costs of advanced energy-efficient technologies and support MSMEs in reducing their carbon footprint, enhancing competitiveness in the global market.

The Ministry of Power is likely to launch a Rs 10 billion scheme next month aimed at encouraging micro, small, and medium enterprises (MSMEs) to adopt energy-efficient technologies by offering financial support in the form of interest subvention, a senior power ministry official aware of the development said. The proposed scheme, named Assistance in Deploying Energy Efficient Technologies in Industries & Establishment (ADEETIE), will be managed by the Bureau of Energy Efficiency (BEE) and aims to help MSMEs reduce energy costs and emissions. “The ADEETIE scheme is expected to be launched with an allocation of Rs 1,000 crore,” an official said, adding that large companies have been excluded from the program’s scope. “Guidelines have been prepared and will be shared with the industry to ensure smooth implementation.” Under the scheme, MSMEs will receive an interest subsidy of 5% for small enterprises and 3% for medium enterprises on loans taken to implement energy-efficient technologies. The initiative comes as part of India's commitment to meet its net-zero emissions target by 2070, with the government pushing for lower energy costs and emissions in the industrial sector. Technologies likely to be supported under this scheme include automation systems, combustion control systems for boilers, methane capture, and air-dyeing technology. The scheme also includes provisions for capacity building, with BEE providing assistance through its ADEETIE online platform, designed to facilitate financing for energy-efficient projects in the MSME sector. The initiative is aligned with recent legislative steps, including the Energy Conservation (Amendment) Bill, 2022, passed by Parliament last December, which mandates the use of clean energy and enables the establishment of carbon markets. The MSME sector, contributing 40% of India’s industrial output and exports and approximately 37.54% to the GDP, is a key focus for the government in achieving energy savings. The ADEETIE scheme, expected to launch by December, reflects the government’s intent to lower the costs of advanced energy-efficient technologies and support MSMEs in reducing their carbon footprint, enhancing competitiveness in the global market.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..