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- MSME Ministry Promotes Energy Efficiency and Green Practices in MSME Sector
Submitted By: Shweta Verma
MSME Ministry Promotes Energy Efficiency and Green Practices in MSME Sector
The Ministry of MSME, alongside the Bureau of Energy Efficiency, is actively promoting green transitions for small businesses through a multifaceted support system that combines technical handholding with substantial financial incentives. Key initiatives include the MSME Champion Scheme, which provides up to ₹2 lakh for consultancy and ₹3 lakh for technology upgrades to ZED-certified units, and the MSE-GIFT scheme, which offers a 2% interest subvention for green technology adoption. Additionally, the MSE-SPICE scheme provides a 25% capital subsidy for circular economy projects, while the ADEETIE scheme specifically targets 14 energy-intensive sectors with 3–5% interest subvention and technical assistance for energy audits. Together, these programs aim to lower the financial barriers for MSMEs to adopt sustainable, energy-efficient, and waste-reducing industrial practices across India's manufacturing clusters.
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