4E Energy Scheme

4E (End to End Energy Efficiency) Scheme

FMC (Foundation of MSME Clusters) www.fmc.org.in in collaboration with SIDBI  is getting the 4E energy audits at your factory at a highly subsidized rate. 7 firms have already availed of this benefit.

A questionnaire (attached) is to be filled out and sent to me so that a DEA (Detailed Energy Audit) can be planned and conducted & a DPR (Detailed Project Report) can be prepared.

For the DEA & DPR the process  of the 4E Program is as follows which is highly subsidized. The subsidy is being given by SIDBI (Small Industries Development Bank of India) who have been funded by the World Bank. SIDBI partners with YES Bank for loan guarantee under World bank scheme http://www.financialexpress.com/industry/banking-finance/sidbi-partners-yes-bank-for-loan-guarantee-under-world-bank-scheme/311022/

4E Application Process:-

  1. UA (Udyog Adhaar) needed http://udyogaadhaar.gov.in/UA/UAM_Registration.aspx.
  2. 4E Application form to be filled (attached).
  3. 4E Questionnaire to be filled (attached).
  4. Audit fee: ₹ 34,500 (including service tax). The cost of the DEA will vary from ₹ 1 lakh to 2 lakhs depending upon the size of the unit but each of you  will have to pay ₹ 34,500. Rest all will be paid by SIDBI. Kindly send the payment through cheque in favour of “India SME Technology Services Limited” OR through NEFT only and send me a confirmation by  email.
  1. ISTSL (India SME Technology Services Ltd), an associate of SIDBI is implementing the 4E initiative, will appoint reputed agency after receiving payment.
  2. DEA & DPR (Detailed Project Report) will be made by audit firm.
  3. Review & finalization of DPR will be done by ISTSL.

End to End Energy Efficiency (4E) Solutions Program for MSME’s:-  

  1. Maximum loan upto 90 % of total project cost.
  2. Repayment is 3 years upto ₹ 50 lacs & 5 years beyond ₹ 50 lacs.
  3. Interest is 8.10 % - 9.90 % p.a. which is 2.5 % below the normal lending rate.
  4. Minimum credit rating of SME4/SER4/CR5 or its equivalent.
  5. Eligibility criteria: 3 years operational and last 2 years operational profit and should have undergone the process of DEA.
  1. Energy efficiency retrofit projects.
  2. Renewable projects.
  3. Technology upgradation projects.

All those interested are requested to kindly complete the 4E Application process asap and send to me along with the confirmation of the NEFT transfer or cheque.

For any queries kindly contact our office.

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