The scheme was launched as a part of the government’s efforts to create awareness on energy efficiency. The main objective of this scheme was to reduce energy consumption by lowering the use of incandescent bulbs, tube lights, CFL bulbs and increase the use of energy efficient LEDs. Through the scheme,the government wants to promote the idea of using efficient lights like LED bulbs to reduce electricity bills among households in India.
Normal bulbs use an exorbitant amount of energy and give a lower output which amounts to a higher bill. Energy efficient lights use 1/10th of the energy used by normal bulbs and produce the same or higher amount of light compared to normal bulbs.LEDs emit lesser amount of heat and save your money by consuming a lower amount of energy. This makes LEDs more efficient for use.
The distribution process of LED lights will be carried out in phases. Special counters will be set up in rural areas as well as urban centers through which these lights will be distributed. The Government informs the masses beforehand through awareness drives like distributing posters and leaflets. People can access these lights fromcounters by submitting the required documents.
Want to know more on Investment Planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
To apply for this scheme online, you have to visit the official government website where you can download a copy of the form. Once downloaded, you can submit the duly filled form to the authorities. You can also avail additional details from DISCOM office. This scheme is a revival package for electricity distribution companies of India (DISCOMs) initiated by the government of India with the intent to find solutions to the financial mess that the power distribution sector is in.
the government is carrying out this program to spread awareness on energy efficiency. To promote the cause, the government is offering these lights at a subsidized rate. You can avail LED lights at a much cheaper rate under this scheme. The prices are slashed down to 60% and consequently the reduced price will be 40% less than the market price.
The government targets the replacement of 77 crore incandescent bulbs in India with LEDs by 2019. This will Lead to an annual reduction of over Rs 40,000 crores in electricity bills. Expected reduction of load will be 5000 MW and an annual estimated greenhouse gas emission reduction of 79 million tonnes.
Union government has launched the program to scale up India’s energy efficiency program. The program will be implemented by Energy Efficiency Service Limited (EESL). It will help to scale up deployment of energy saving measures in residential and the public sector. Strengthening institutions like EESL will help create a sustainable market for LED lights and enhance its access to commercial financing. This project aims to facilitate and structure public lighting systems. It will also lead toan increasein the private sector participation in energy efficiency, including the private sector energy service companies. Under this scheme LED bulbsof 9W power are distributed at a price 40% below the market price. All the bulbs purchased under this program enjoy a 3 year replacement warranty.
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.