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SIDBI launched the 4E Intervention on the occasion of “World Environment Day” on June 5, 2014 to provide technical backstopping and support MSME clients for reducing their power & fuel cost.
End to End Energy Efficiency or 4E Scheme aims to promote Energy Efficiency Investments in MSME’s. Under this scheme SME’s can avail Loan for their Investments towards Implementing Energy Efficiency Measures, New Technology Up gradation in Machinery which conserves energy, Investment towards Roof Top Solar Etc. The MSMEs will be assisted with Technical Consultancy and Financial Facilitation at better rate of Interest (below 10%).
Benefits of 4E Scheme
The Eligible borrowers for this Scheme are Micro, Small or Medium Enterprises in the Manufacturing or Service Sector. In order to avail Loan under this Scheme, the Plant has to submit Detailed Energy Audit (DEA) & Detailed Project Report (DPR). The Audits and DPR will be done through India SME Services Technology Limited (ISTSL) a Joint Venture of SIDBI.
Loan Amount and Tenure
Interest rate will be in the range of 8.10 – 9.9%. The Repayment period is 36 Months for Loan up to Rs. 100 Lakhs and 60 Months for Loan Up to Rs. 150 Lakhs including initial moratorium period up to 6 months.
FundsTiger can arrange loans from all above mentioned banks.You can apply for an attractive offer with best possible rate of interest and terms for Personal Loan, Business Loan , Home Loan and Car Refinance Loan.