Saathi Scheme By : Smriti Sethi
Introduction Ministries of Power and Textiles have joined hands under SAATHI (Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries) initiative. Under this initiative, Energy Efficiency Services Limited (EESL), a PSU under Ministry of Power, will procure energy efficient powerlooms, motors and rapier kits in bulk and provide them to small and medium Powerloom units at no upfront cost.
Energy Efficient Services Limited (EESL) It is a joint venture of four National Public Sector Undertakings NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited It has been set up under Ministry of Power, Government of India. It implements Street Lighting National Programme (SLNP) and Unnat Jyoti by Affordable LEDs for AIl(UJALA) It also leads the market-related activities of the National Mission for Enhanced Energy Efficiency.
Key Highlights The SAATHI initiative will be jointly implemented by EESL and office of Textile Commissioner on pan-India basis. It will be implemented in key cluster such as Erode, Surat, Ichalkaranji, etc. It is based on the aggregation, bulk procurement and financing model that EESL has successfully deployed in several sectors like LED bulbs, Smart Meters and Electric Vehicles. Under this initiative, unit owner does not need to allocate any upfront capital cost to procure these equipment and also not need to allocate additional expenditure for repayment. . The repayments by unit owner to EESL will made from savings that accrue as result of higher efficiency equipments and cost savings
Benefits .The aggregation of demand and bulk procurement will lead to reduction in capital cost and benefits of it will be passed on to powerloom units so that their repayment amount and period would reduce. ese efficient equipment savings and cost savings to unit owner and they can repay in instalments to EESL over a 4 to 5 year period.
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