NITI Aayog Proposes National Agency for MSME Green Transition

• NITI Aayog recommends a national project management agency (NPMA) to drive green energy transition for MSMEs.
• The NPMA would be an independent consultative body, monitored by an inter-ministerial committee, focusing on on-ground implementation.
• MSME clusters can form Special Purpose Vehicles (SPVs) to participate in the green transition program.
• Separate reports suggest decarbonization roadmaps for the Cement and Aluminium sectors, including increased RDF usage, CCUS, and renewable energy adoption.
• Indian MSMEs, comprising 69 million units, contribute significantly to exports and GDP but rely heavily on fossil fuels, emitting 135 MtCO2e in 2022.

Why It Matters: NITI Aayog advocates a dedicated national agency to spearhead MSME green transition towards India's net-zero goal.