This is the complete information on MSME Green Investment and Financing for Transformation Scheme(MSME-GIFT SCHEME). To get any support please submit your information at below form:
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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.
OBJECTIVES
To promote the adoption of sustainable and eco-friendly practices and technologies and renewable energy sources,
To provide concessional financial assistance to MSMEs for investments in the adoption of green technologies and practices,
To create awareness about the best practices, promote knowledge sharing and benefits of the adoption of green technologies and practices
COMPONENTS OF THE SCHEME
The Scheme has components of Interest Subvention, Risk sharing and generating awareness.
Interest subvention: 2% per annum up to a term loan limit of INR 2 crores.
Risk sharing: Loans to MSEs up to INR 2 crore would be covered under this component. Rs 125 crores will be used to provide credit guarantee to the participating MLIs (75% of guaranteed coverage for eligible loans).
ELIGIBILITY AND COVERAGE OF THE SCHEME
MSME registered under the Udyam Registration portal are eligible. They can utilize the scheme only for a existing project.
Member Lending Institution (MLIs):
Scheduled commercial bank/ All India Financial Institution including SIDBI, Small Finance Banks/ Micro Finance Institutions/ Non-Banking Finance Companies can become a Member Lending Institution (MLI).
SCHEME DURATION
3 years (FY 2023-24 to 2025-26)
IMPLEMENTING PARTNERS
Implementing Agency - Small Industries Development Bank (SIDBI).
All Scheduled Commercial Banks, All India Financial Institutions, Small Finance Banks, and Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) are eligible to participate in the Scheme, after signing a Memorandum of Understanding (MoU) with SIDBI.
SECTORS COVERED
Sectors which can be expanded subsequently under the proposed project are:
Resource Efficiency, Waste Management
Adaptations (water management, water efficiency, wastewater treatment)
Green Buildings
Environmental Protection (pollution control & prevention)
Clean Transportation (electric, hybrid, EV Charging stations)
Waste Management (Compressed Biogas, Bio-ethanol, e-waste, waste to energy, LNG, smart grids)
Carbon Credit, Carbon Capture and Storage
Any new innovative project with potential for a high impact on climate upon necessary approval
EXPECTED IMPACT
It would benefit about 12000 MSMEs and will lead to annual energy savings of 1600 GWh and an annual saving of around Rs. 1200 crores to MSMEs.
It would help 1.5 million tCO2 annual reductions avoiding an estimated social cost of carbon of Rs. 1100 crores.
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Негізгі бет MSME GIFT Scheme upto Rs. 1,200 crores. Get Loan with Government Guarantee and Interest Subvention.
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