Correct Answer : Bureau of Energy Efficiency
Bureau of Energy Efficiency (BEE) under the Ministry of Power has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for MSMEs.
The MoU will aim to promote energy efficiency financing for MSMEs and explore the internet of things (IoT)-based solutions, greening MSMEs, capacity building of various stakeholders, etc., .
The announcement comes weeks after SIDBI announced partnerships with multiple stakeholders to help MSMEs become more energy efficient in their operations to support India’s Sustainable Development Goals (SDG) 2030 targets.
SIDBI had signed MoUs with German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for operating a Risk Sharing Facility (RSF) that provides credit guarantees to loans from commercial banks or non-banking financial companies (NBFCs).
Two other MoUs were signed with the Technology Information, Forecasting and Assessment Council (TIFAC) under the Department of Science and Technology and CII to identify and promote scalable green and clean technologies by MSMEs.
Meanwhile, BEE and MSME ministry jointly runs a collaborative platform Sameeksha (Small and Medium Enterprises Energy Efficiency Knowledge Sharing) to pool the knowledge and synergise the efforts of various organisations for the promotion and adoption of clean energy technologies and practices among MSMEs.
As per India’s updated
Nationally Determined Contribution (NDC) with respect to the
UN’s Framework Convention on Climate Change (UNFCCC), India has to reduce the emissions intensity of its
GDP by
45 per cent by 2030, from the
2005 level and achieve about
50 per cent cumulative electric power installed capacity from
non-fossil fuel-based energy resources by 2030, according to a Cabinet statement in August this year(2022)..
Source : Financial Express
