MSMEs get easier access to green grants via SPICE reform
India’s MSME Ministry has simplified its SPICE scheme, enabling micro and small enterprises to adopt green technologies with less paperwork and faster subsidy disbursal. A new portal lists 116 approved technologies, offering 25% subsidies on machinery costs. This move aims to onboard 3,400 MSEs by FY27, supporting cost savings, waste reduction, and circular economy adoption across key sectors.