Capitalise on carbon credits, if your project is in the planning stage

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: the aegis of the environment and forests ministry.

A mechanism has been put in place to calculate per tonne of Certified Emission Reduction (CER) and to evaluate and approve projects as per acceptable international norms. More than 90 projects have already been cleared and many have concluded long term buying contracts.

You may contact: The National CDM Authority (designated national authority (DNA)), ministry of environment and forests, Room No. 115, Paryavaran Bhawan C.G.O Complex, Lodhi Road, New Delhi - 110 003.

Telefax: +91 11 2436 2252, E-mail: dir.cc@nic.in; Website: http://www.cdmindia.nic.in

You may also have more details from CDM India: http://www.cdmindia.com/index.htm.

The website also contains a list of institutions, NGOs, consultants etc whom you could get in touch for further assistance.

Ours is a small pharmacy registered under SSI units. We are required to meet WHO’s GMP norms and are installing new machinery. We have two questions about the credit-linked subsidy scheme, which we want to avail. First, many of the machines that we are installing are not listed in the scheme. Will our application be considered? Second, as the scheme is being operated by Sidbi, will we have to go for refinance to Sidbi only, or could we get it from our present bank, PNB?
— Vijesh Shah, Trade Centre, Ellisbridge, Ahmedbad

The primary objective of the scheme is to assist technology up gradation. The list of technologies and machines is only indicative and not exhaustive.

Therefore, as long you could justify how the new additions of machines could improve the processes, there is every chance that it would be considered. For inclusion of your machinery, you may first approach Sidbi with your application. They would forward it to a committee (in the office of the DC-SSI), which would take a final decision. However, the operational part is quite time consuming.

As far as the condition of refinancing from Sidbi alone is concerned, it is not necessary. You could very well avail the loan from your existing bankers.