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No takers for schemes to green small biz
Mint New Delhi
|July 14, 2025
While ₹6.87 crore has been dispensed under the GIFT scheme, SPICE has recorded an outgo of ₹36 lakh
Central schemes to help Indian micro and small businesses turn green have found no takers, with less than 1% or only ₹7.23 crore of a ₹950 crore outlay disbursed so far.
The MSME Green Investment and Financing for Transformation Scheme (MSME-GIFT) and MSME Scheme for Promotion and Investment in Circular Economy (MSME-SPICE) have barely seen any interest from micro, small and medium enterprises (MSMEs).
Only 629 GIFT applications and four SPICE applications have been approved till June, data on the Union MSME ministry's performance smart-board showed.
These schemes are meant for micro and small businesses.
This story is from the July 14, 2025 edition of Mint New Delhi.
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