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The Hindu
The Hindu
National
V. Raghavendra

Andhra Pradesh: SECM bats for loans to MSMEs at lower interest rates

Andhra Pradesh Interest Rates Bee Energy Efficiency

AP-State Energy Conservation Mission (SECM) CEO A. Chandra Sekhar Reddy proposed to the Bureau of Energy Efficiency (BEE) to extend loans at lower interest rates to help the Micro, Small and Medium Enterprises (MSMEs) in implementing energy conservation and efficiency projects on a larger scale.

Representing the Andhra Pradesh Energy Department at a national summit on energy efficiency in Goa on Wednesday, Mr. Chandra Sekhar Reddy said interest subvention would facilitate an enhancement of productivity and employment generation.

BEE Director General Abhay Bakre emphasised the need for the States to finalise and implement the State Energy Efficiency Action Plans with due focus on the scaling up of energy efficiency financing and investments.

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