Consider the following statements regarding the ADEETIE Scheme: 1. The scheme is launched by the Ministry of MSME. 2. The micro and small enterprises are eligible for a 5% interest subvention on loans taken for adopting energy-efficient technologies, while medium enterprises are eligible for a 3% interest subvention. 3. The scheme is open to all industrial and commercial establishments, including large enterprises and service sector companies, irrespective of sector. How many of the above statements are correct? |ForumIAS

Q. Consider the following statements regarding the ADEETIE Scheme:
1.The scheme is launched by the Ministry of MSME.
2.The micro and small enterprises are eligible for a 5% interest subvention on loans taken for adopting energy-efficient technologies, while medium enterprises are eligible for a 3% interest subvention.
3.The scheme is open to all industrial and commercial establishments, including large enterprises and service sector companies, irrespective of sector.
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A

Notes:

Explanation: Only Statement 2 is correct

Statement 1 is incorrect: The Assistance in Deploying Energy Efficient Technologies in Industries & Establishments (ADEETIE) scheme is launched by the Ministry of Power.

Statement 2 is correct: It provides 5% interest subvention for micro and small enterprises, and 3% for medium enterprises adopting energy-efficient technologies.

Statement 3 is incorrect: The scheme excludes large enterprises and is focused solely on MSMEs in designated manufacturing sectors.

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS