Context: National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight national missions under the National Action Plan on Climate Change (NAPCC). 
About NMEEE

• It aims to strengthen the market for energy efficiency by creating conducive regulatory and policy regime and has envisaged fostering innovative and sustainable business models to the energy efficiency sector. 
• The Mission is implemented since 2011.
• NMEEE includes four specific energy efficiency initiatives under its umbrella. 
• These enhanced energy efficiency measures are aimed at facilitating energy intensive industries (industries that consume large quantities of energy in production process) to reduce their energy footprint and catalize investments in the energy efficiency sector.

The four specific energy efficiency initiatives are as follows

1. Perform Achieve and Trade (PAT)
2. Market Transformation for Energy Efficiency (MTEE)
3. Energy Efficiency Financing Platform (EEFP)
4. Framework for Energy Efficiency Economic Development (FEEED)

Perform, Achieve and Trade (PAT) 

• It aims at reducing Specific Energy Consumption (SEC) i.e. energy use per unit of production for Designated Consumers (DCs) in energy intensive sectors, with an associated market mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded.

Market Transformation for Energy Efficiency (MTEE) 

• It aims for accelerating the shift to energy efficient appliances in designated sectors through incentives and innovative business models.

Under MTEE the following programmes were introduced for the promotion of energy efficient products in the market:-

• Bachat Lamp Yojna (BLY): The programme was developed for replacement of inefficient bulbs with Compact Fluorescent Lamps (CFLs).
• Super-Efficient Equipment Program (SEEP): This programme was designed for market transformation of super-efficient appliances by providing financial stimulus innovatively at critical point/s of interventions.

Energy Efficiency Financing Platform (EEFP) 

• It was launched to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects.
• Under this programme, Memorandum of Understandings (MoUs) have been signed by BEE to promote financing for energy efficiency projects.
• For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing.

Framework for Energy Efficient Economic Development (FEEED)

• It was  designed for development of fiscal instruments to promote energy efficiency.
• The objective was to provide the comfort to concerned stakeholders through implementation of Energy Efficiency schemes such as Partial Risk Sharing Facility (PRSF) to provide partial credit guarantees to cover a share of the default risk that participating financial institutions face in extending loans to eligible Energy Efficiency sub-projects.
• Each energy saving loan given by Participating Financial Institutions (PFIs) is partially guaranteed for a maximum tenure of 5 years with guarantee coverage ranging from 40-75% of the loan amount or Rs. 15 crore per project.