Overview of Tamil Nadu’s PEACE Scheme for MSMEs: Benefits & Application: Discover Tamil Nadu’s PEACE scheme offering incentives for MSMEs that implement energy audit recommendations. Learn about eligibility, benefits, and application steps.
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Important Details – PEACE Scheme
| Component | Details |
|---|---|
| Benefits | 50% of eligible costs, up to ₹10,00,000. Investments after audit only. |
| Disbursal Time | After implementation, certified by energy auditor. Loan cases handled directly with the bank. |
| Eligibility | Manufacturing MSMEs with at least 10% energy savings. Minimum three-year gap between audits. |
Eligibility for PEACE Scheme
| Eligibility Criteria | Description |
|---|---|
| Type of Enterprises | Manufacturing MSMEs only. |
| Energy Savings | At least 10% savings in energy consumption compared to the last 12 months. |
| Audit Gap | Minimum three years between audits. |
Eligible Components and Exclusions
| Eligible Components | Details |
|---|---|
| Technology Costs | Cost of energy-saving technology. |
| Equipment Replacement | Cost of new or modified machinery for energy conservation. |
| Modification Costs | Cost of retrofitting existing equipment. |
| Exclusions | Service enterprises and those who received similar subsidies from other agencies. |
Application Process
Follow these steps to apply:
| Step | Action |
|---|---|
| 1. Registration | Register on the Tamil Nadu MSME portal by providing necessary details. |
| 2. Login | Log in with credentials received via email and mobile. |
| 3. Form Filling | Complete and submit the application form online. |
| 4. Upload Documents | Upload required documents in the specified format. |
| 5. Submission | Submit the application and receive a confirmation message. |
| 6. Track Status | Optionally, check your application status on the portal. |
Documents Required
Submit the following documents:
| Document | Description |
|---|---|
| Udyog Aadhaar/Udyam Certificate | Proof of enterprise registration. |
| Registration Certificate | Under relevant acts or Company Act documents. |
| Proof of Connected Load | Electricity bill or meter card. |
| Alternate Energy Proof | Documentation if using other energy sources. |
| Energy Auditor Documents | Acceptance letter and proof of accreditation. |
| Expenditure Statement | Self-certified statement with bills and receipts. |
| Energy Audit Report | Copy of the detailed audit report. |
FAQ
| Question | Answer |
|---|---|
| What is the PEACE scheme? | The PEACE scheme promotes energy audits and conservation in MSMEs with incentives for implementing audit recommendations. |
| Who can apply? | Manufacturing MSMEs in Tamil Nadu that have completed an energy audit and achieved at least 10% energy savings. |
| What are the benefits? | 50% of eligible costs covered, up to ₹10,00,000. |
| How is the subsidy disbursed? | The subsidy is released after audit recommendations are implemented and certified. If a loan was taken, it goes to the bank. |
| What documents are needed? | Documents include Udyog Aadhaar certificate, proof of connected load, audit report, and expenditure statement. |
| What is the application process? | Register online, fill out the application, upload documents, and submit. Optionally, track the status online. |
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