Introduction
The global landscape is witnessing a paradigm shift towards sustainability, with increasing
recognition of the imperative to adopt circular economy principles. Circular economy
practices enable MSMEs to optimize resource usage by promoting recycling, reuse, and
responsible consumption. This not only reduces the environmental footprint but also
enhances operational efficiency and cost-effectiveness. In the overall global sustainability
effort, encouraging circular practices in micro and small enterprises (MSEs) has become a
strategic necessity. The introduction of the MSE - Scheme for Promotion and Investment in
Circular Economy (MSE - SPICE) is a proactive step to harness the potential of MSEs in driving
sustainable development.
MSE SPICE is a pioneering initiative by the Ministry of Micro, Small and Medium Enterprises
(MoMSMEs) dedicated to empowering Micro, Small Enterprises (MSEs) in embracing
sustainable practices through the circular solutions.
The primary goal of this scheme is to promote resource efficiency, reduce environmental
impact, and enhance the competitiveness of MSEs in India.
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