Promotion of Energy Audit and Conservation of Energy (PEACE): Incentive for Implementing Energy Audit Recommendations
Promotion of Energy Audit and Conservation of Energy (PEACE): Incentives for Energy Audit Implementation
The "Promotion of Energy Audit and Conservation of Energy (PEACE)" initiative, launched by the Micro Small and Medium Enterprises Department of the Government of Tamil Nadu, aims to motivate Micro, Small, and Medium Enterprises (MSMEs) to embrace energy-saving measures. This scheme is particularly focused on providing financial incentives for the implementation of recommendations derived from energy audits, ultimately leading to reduced energy consumption and significant savings on electricity bills.
Overview of the Scheme
The PEACE scheme is structured around four key components:
- Awareness Programme
- Training Programme
- Detailed Energy Audit
- Incentive for Implementing Energy Audit Recommendations
Among these, the "Incentive for Implementing Energy Audit Recommendations" specifically targets MSMEs to encourage the execution of energy audit recommendations, aiming for optimal energy utilization and financial savings.
Key Benefits
Eligible MSMEs can receive:
- 50% subsidy on the cost of qualified components, capped at ₹10,00,000.
- Only investments made following the energy audit will qualify for the subsidy.
It is essential to note that the subsidy ceiling applies separately for both the original energy audit and any subsequent audits conducted.
Disbursement Timeline
The subsidy will be distributed to the MSME post-implementation of the energy audit recommendations, as certified by the energy auditor. In cases where a loan has been obtained for implementing these recommendations, the subsidy will be transferred to the bank for adjustment against the loan balance if it is still active.
Eligibility Criteria
To qualify for this scheme, the following criteria must be met:
- All manufacturing MSMEs in Tamil Nadu that have conducted energy audits and achieved a minimum of 10% energy savings based on the average energy consumption over the past 12 months.
- MSMEs with multiple units can apply for the concession for each unit separately.
- A minimum gap of three years is required between the previous energy audit and the current one.
The energy savings percentage will be calculated based on the average energy consumption in kilowatt-hours (Kwh) or kilocalories (Kcal) per unit of product both before and after implementing the recommendations.
Eligible Components
The following costs are eligible for subsidy under this scheme:
- Expenditure on technology acquired for energy saving.
- Cost of replacing equipment aimed at energy conservation.
- Expenses for machinery or accessories that have been newly purchased and installed for energy conservation purposes.
- Costs associated with modifications or alterations made to existing machinery or equipment to enhance energy efficiency.
Exclusions
The following are not eligible for this scheme:
- All Micro, Small, and Medium service Enterprises.
- Any Micro, Small, and Medium manufacturing Enterprises that have received similar financial assistance for the same purpose from any State or Central Government Agency.
Application Process
To apply for the scheme, follow these steps:
Step 1: Registration
- Visit the official portal of the Micro, Small, and Medium Enterprises Department of Tamil Nadu.
- Click on "Login / Registration" in the top menu.
- Complete the registration form with accurate details such as Name, Date of Birth, Aadhaar Number, Email ID, and Mobile Number. Create a secure password that meets the specified criteria.
- Verify the captcha and click "Register".
Step 2: Login
- Go to the Login Page, click "Login", and enter your credentials received via email and mobile.
Step 3: Form Filling
- Once logged in, navigate to "Schemes" and select the relevant scheme from the dropdown.
- Click on "Apply Online", then select "New Application".
- Fill out all mandatory fields in the application form, review the information, and agree to the terms and conditions before proceeding.
- Notate your reference number before closing the application window.
Step 4: Document Upload
- Hover over "Schemes" and select "Upload Documents".
- Enter your Application ID and submit.
- Upload all required documents in the specified format and size.
- Verify the uploaded documents for correctness.
Step 5: Submission
- Check all boxes at the bottom of the screen and click "Submit Application".
- You will receive a confirmation message regarding your application submission on your mobile phone.
(Optional) Step 6: Track Application Status
You can monitor your application status on the portal, which may also provide updates through email or SMS.
Official Source
For more information, please visit myScheme.gov.in.
Eligibility Criteria
AIl manufacturing MSMEs in the state which have undertaken energy audits arid have achieved at least 10% energy savings in terms of the number of units of energy consumed per unit of product manufactured with reference to the last 12 months average.
Enterprises having more than one unit may also avail of this concession, separately for each unit.
There should be a gap of a minimum of three years between the previous energy audit and the subsequent energy audit i.e. present energy audit.
*The percentage of savings in specific energy consumption (Kwh/Kcal per unit of product) shall be reckoned on twelve-month average energy consumption before the implementation of energy audit recommendations and a minimum three-month average after the implementation of the recommendation of the energy audit.
Eligible Components
Cost of technology acquired for energy saving.
Cost of replacement of equipment for energy conservation/ cost of machinery/accessories newly purchased & installed for the purpose.
Cost of modification/ alteration made in the existing machinery/equipment/retrofit equipment for energy conservation.
Benefits
50% of the cost of eligible components, subject to a maximum limit of ₹ 10,00,000/ -.
Investments made after the energy audit alone will be eligible for the subsidy.
*The overall ceiling on subsidy should not be applied for the original energy audit and subsequent energy audit taken together but should be applied separately for the original energy audit and the subsequent energy audit.
Time of Disbursal
The subsidy will be released to the MSME after the implementation of the recommendations in the Energy Audit Report that is duly certified by the energy auditor.
*If the unit has availed a loan for the implementation of the recommendations of the energy audit, the subsidy will be released to the bank to adjust in the loan account if the loan is in currency.
Application Process
Apply OnlineStep 1: Registration
Visit the Official Website/Portal
of the Micro, Small, and Medium Enterprises Department of the Government of Tamil Nadu. In the top ribbon, click "Login / Registration
".
In the registration form, fill in the mandatory details accurately, Name, Date of Birth, Aadhaar Number, Email ID, and Mobile Number. Create a new password. The password must contain a minimum of 8 characters, 1 Upper Case Letter, 1 Lower Case Letter, and 1 Numeric Field.
Fill in the captcha code, and click "Register".
Step 2: Login
Visit the Login Page
and click "Login", and then fill in the credentials received on your registered Email ID and the registered Mobile Number.
Step 3: Form Filling
After successfully logging in, hover over "Schemes" in the top ribbon, and then click on the concerned scheme from the dropdown.
On the next page, hover over "Apply Online" in the top ribbon, and then click on "New Application" from the dropdown.
Fill in all the mandatory fields of the Application Form
. Carefully review all the information provided, acknowledge and agree to the terms and conditions, declaration, and privacy policy, and then click "Proceed".
Note down the reference number appearing on the screen and then click "Close".
Step 4: Upload Documents
Now, hover over "Schemes" in the top ribbon, and then click "Upload Documents" from the dropdown.
On the next page, provide the Application ID and click "Submit".
On the next page, upload all the mandatory documents in the specified format and size.
After uploading the documents, click "View" to verify the documents uploaded for correctness.
Step 5: Submission
Fill in all the checkboxes appearing at the bottom of the screen and then click "Submit Application".
The message regarding the submission of the online application to GM/DIC / RJD will be received on your mobile phone.
(Optional) Step 6: Track Application Status
You can check the status of your application here
. The portal may provide updates via email or SMS regarding your application status.
References & Official Links
Scheme Details
| Full Name | Promotion of Energy Audit and Conservation of Energy (PEACE): Incentive for Implementing Energy Audit Recommendations |
| Short Title | PEACE:IFIEAR |
| Level | State |
| Scheme For | Infra |
| Categories | Business & Entrepreneurship |
| States | Tamil Nadu |
| Gender | All |
| Age Range | 10 — Any years |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |