MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE)

What it is

Help MSEs adopt circular solutions, improve resource use and reduce environmental impact through eligible brownfield investments.

What you get

• Circular-economy plant and machinery capital subsidyUp to ₹12,50,000

Who it is for

• Udyam registration required
• brownfield project required
• subsidy applies to eligible plant and machinery

How to apply

1. 1
   Verify brownfield and asset eligibility

   Confirm that the project is brownfield and that the proposed expenditure is eligible plant or machinery.

   Official step
2. 2
   Use the current application route

   Follow the official MSE SPICE route and retain project-cost, Udyam and lender documents.

   Official step

Keep ready