MSE Scheme for Promotion and Investment in Circular Economy MSE SPICE
A 25% capital subsidy on plant and machinery for micro and small enterprises moving existing operations to circular economy practices such as recycling and reuse.
Last updated on
- Cost to apply
- Free
- Status
- Open
- Run by
- Ministry of MSME under RAMP, with SIDBI
What you get
- Credit-linked capital subsidy of 25% on plant and machinery, up to ₹12.5 lakh, for projects up to ₹2 crore
Who can apply
- Businesses that are already running.
- Open to businesses in manufacturing and services.
- Micro and small enterprises.
- Project cost up to ₹2 crore.
- The most on offer is ₹12.5 lakh.
- Udyam registration is needed. It is free.
- Only for brownfield projects of existing units
Worth knowing
Outlay ₹472.5 crore over four years.
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.