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BEE Join Hands with SIDBI to Promote Energy Efficiency

Published on November 09, 2022
Current Context: The Bureau of Energy Efficiency (BEE) signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for the promotion of energy efficiency for MSMEs.
BEE Join Hands with SIDBI to Promote Energy Efficiency
  • The MoU was signed between BEE and SIDBI with the objective to:
    • Promote energy efficiency financing for MSMEs
    • Explore the Internet of Things (IoT)-based solutions, capacity building, Greening MSMEs, etc.
  • Steps will be taken by BEE and SIDBI to encourage MSMEs to undertake energy-saving investments in order to:
  1. reduce CO2 emissions
  2. reduce energy consumption
  3. increase the profitability
  • Platform SAMEEEKSHA (Small and Medium Enterprises Energy Efficiency Knowledge Sharing) is jointly run by BEE and the MSME Ministry to promote energy efficiency in the MSMEs through the pooling and sharing of knowledge and experiences of various institutions and organizations.
  • SIDBI also announced partnerships with multiple stakeholders like Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, to help MSME industries become more energy efficient in their operations to support the nation’s Sustainable Development Goals (SDG) 2030 targets.
  • BEE is a statutory body that was established in 2002 under the Energy Conservation Act 2001 with its headquarters in New Delhi. The current Director General of BEE is Abhay Bakre.
  • SIDBI is a regulatory body for MSMEs and was established in 1990 with its headquarters in Lucknow, UP. The current Agency Executive of SIDBI is Sivasubramanian Ramanan.


Q.1 Recently the BEE signed an MoU with ______ for the promotion of energy efficiency for MSMEs.
a. RBI
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