The Bureau of Energy Efficiency (BEE) has come forward to channelise bank finance to the energy efficiency projects in various states under Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) scheme.
BEE has allotted around Rs 3.12 billion for the PRGFEE at the national level. Under the scheme, the BEE will provide guarantees a maximum 50 per cent of the loan or Rs 100 million per project, whichever is less, to the financial institutions which offer loans to industries or others to take up energy efficiency projects.