As part of the national commitment to sustainable development, the Ministry of Micro, Small & Medium Enterprises (MoMSME) has formulated the MSE-SPICE Scheme to promote Circular Economy (CE) and incentivize MSEs to adopt CE practices in the sector, with a focus on notified regulations such as Plastic, Rubber, and Electronic Waste Management. It will enable MSE units to comply with Extended Producer Responsibility (EPR) and waste recycling targets set for industries. SIDBI has been designated as the implementing agency of the scheme.
The scheme aims to provide capital subsidy to brownfield projects by MSEs for upgrading/expanding existing CE projects and promoting CE principles. The maximum project cost admissible under the scheme is ₹50 lakh, with a 25% subsidy on the cost of Plant & Machinery only. However, projects costing more than ₹50 lakh would also be admissible under the scheme, but the subsidy shall be limited to a maximum of ₹12.5 lakh.
Projects covering selected 11 sectors (mentioned in the appendix) would be eligible for coverage, subject to approval of the Technical Working Group of the MoMSME.
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by the Ministry of MSME, Government of India, and the Small Industries Development Bank of India (SIDBI) to catalyze the flow of institutional credit to Micro & Small Enterprises (MSEs). The Credit Guarantee Scheme (CGS) was launched to strengthen the credit delivery system and facilitate the flow of credit to the MSE sector, creating access to finance for underserved, under-served, and underprivileged entrepreneurs. Over the past 22 years, CGTMSE has been instrumental in providing guarantee cover for collateral-free and/or third-party guarantee-free credit facilities extended by eligible Member Lending Institutions (MLIs) to MSEs.
The Entrepreneurship and Skill Development Programme (ESDP) Scheme is a Central Sector continuing scheme under the Office of DC-MSME, Ministry of MSME. The objective of the programme is to motivate young persons (men and women) representing different sections of society, including SC/ST, women, physically challenged persons, ex-servicemen, and BPL persons, to consider self-employment or entrepreneurship as a career option.
The ultimate objective is to promote new enterprises, build the capacity of existing MSMEs, and inculcate an entrepreneurial culture in the country. The present ESDP scheme guidelines were approved on 25.03.2022.
An autonomous regulatory initiative organizing and coordinating schemes of the Government of India, supporting Indian industries through research, development and global market access.