In a move to cut electricity consumption and lower household energy bills, the federal government is finalizing a plan to distribute energy-saving fans to consumers on easy, interest-free installments. Approved by the Prime Minister, the initiative is likely to be announced in the upcoming federal budget.
Thank you for reading this post, don't forget to subscribe!Under the proposed scheme, consumers will be able to purchase energy-efficient DC fans with support from banks and repay the cost through their monthly electricity bills. By replacing conventional AC fans with energy-saving alternatives, the government aims to conserve up to 5,000 megawatts of power.
The International Monetary Fund (IMF) will also be consulted on the program’s framework and implementation
