State Energy Conservation Fund
Introduction
The State Energy Conservation Fund (SECF) is a statutory requirement under section 16 of the Energy Conservation Act 2001 and is one of the key elements of the Energy Conservation Action Plan.
Rationale
- The purpose of setting up SECF is to promote the efficient use of energy and its conservation within the states.
India experience
The Bureau of Energy Efficiency has disbursed funds during the financial year 2009-10 to the nine states who have set up SECF. These states are Nagaland, Haryana, Punjab, Rajasthan, Kerala, Andhra Pradesh, Tamil Nadu, Karnataka and Chhattisgarh. Each state has notified SECF Rules which govern the management and utilization of fund resources.
