MSE Green Investment And Financing For Transformation Scheme (MSE- GIFT)

MSE Green Investment And Financing For Transformation Scheme (MSE- GIFT)

MSE Green Investment and Financing for Transformation Scheme (MSE- GIFT): A SUB-SCHEME under Raising and Accelerating MSME Performance (RAMP)

Promotion and adoption of green technologies and clean energy sources in MSMEs is critical for making MSMEs in India sustainable. India has also committed to reducing emissions intensity by 45 percent by 2030, from the 2005 level to the United Nations Framework Convention on Climate Change (UNFCCC). India’s existing Nationally Determined Contributions (NDC) includes its long-term goal of reaching net zero by 2070.

In order to address these challenges faced by MSMEs and fulfill the commitments made with respect to sustainability, the Ministry of MSME has launched sub scheme named MSME Green Investment Financing for Transformation (MSE - GIFT) Scheme under the RAMP Programme. RAMP is a World Bank supported Central Sector Scheme aimed at improving access of MSMEs to credit, market, and technology.

The overall objective of the MSE-GIFT Scheme is to provide support to the MSMEs in accessing institutional finance at a concessional rate for adopting clean / green technologies and help them to transform into green and sustainable business operations.

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