The Indian government is set to launch a new incentive scheme next month aimed at promoting energy efficiency in Small and Medium Enterprises (SMEs). This initiative is designed to help SMEs reduce their energy consumption, lower costs, and adopt more sustainable practices. The scheme is part of the government’s broader efforts to drive the country towards a greener, more energy-efficient future while supporting the growth of the SME sector, which plays a crucial role in India’s economy.
Source:- bbc news
Under the scheme, SMEs will be offered financial incentives to invest in energy-efficient technologies and practices, such as the adoption of energy-saving equipment, improving process efficiencies, and integrating renewable energy solutions. These incentives could include subsidies, low-interest loans, and grants for energy efficiency projects. The government is also expected to provide technical support and guidance to help SMEs identify areas where energy consumption can be reduced, and suggest suitable technologies or solutions.
Source:- news 18
Energy efficiency is becoming an increasingly important focus for businesses worldwide, not only to cut costs but also to meet growing environmental and regulatory pressures. In India, SMEs often face challenges in accessing resources and funding for such initiatives, and the new incentive scheme aims to address these barriers. By helping SMEs become more energy-efficient, the government hopes to enhance their competitiveness in both domestic and international markets while contributing to the country’s energy conservation goals.
The scheme is also expected to support India’s broader commitments to climate change and sustainability, including its pledge to reduce carbon emissions and transition to cleaner energy sources. By focusing on SMEs, the government recognizes their significant potential in achieving these goals, as they constitute a large portion of energy consumption in the industrial sector.
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