Scheme on Interest free loan for Energy Conservation Measures

Last IREEED Review: August 15,2013
Program Overview
State: Haryana
Technology : General
Date of Issue : February 19,2010
Vision : To optimize use of energy and cut down consumption by around 25% to 30%
Nodal Agency : Department of Renewable Energy, Government of Haryana (HAREDA)
This program is mainly for providing financial assistance to the industries, institutions, municipal and commercial buildings for implementation of the energy audit report for achieving higher energy efficiency. The assistance will be in the form of interest free loans against a bank guarantee of 1.25 times of the assistance for three and half years. The financial assistance would be limited to 75 percent of the cost or Rs. 20 lakh whichever is low and it would be paid back by beneficiaries to HAREDA in five instalments. The time limit for the implementation of project is nine months from the date of sanction of financial assistance. The format of the application form can be found in the attached document.
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