Green MSME policy for tech, financial aid likely in budget

A body would be created under the MSME ministry to oversee implementation of the policy

- Rituraj Baruah & Manas Pimpalkhare

The government is likely to announce a policy in the upcoming budget for greening the operations of micro, small and medium enterprises (MSME) and lowering their carbon emissions.

Two people aware of the development said that the ministry of MSME has recommended the Union Finance ministry to roll out the policy under which the Centre would provide financial, technological and regulatory support to these small businesses in the backdrop of India's aim to achieve net zero carbon emissions by 2070.

A body would be created under the MSME ministry to oversee its implementation.

Sustainable initiatives or operations would include use of renewable energy and lowering of emissions and more focus towards achieving circular economy including use of recycled products and also adopting proper waste management, among others.