Introduction
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 (MSME 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 MSME 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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