Around 500 Micro, Small, and Medium Enterprises (MSEs) have applied for the GIFT and SPICE schemes, which aim to promote green investments and circular economy practices. These schemes offer various benefits and incentives to MSEs, encouraging them to adopt sustainable practices. The SPICE scheme, in particular, emphasizes the importance of energy-saving initiatives and supports MSEs in implementing green technologies. The goal of these schemes is to enable MSEs to contribute to sustainable growth and create a more environmentally friendly business ecosystem in the country. The popularity of these schemes is evident from the significant number of applications received in just three months since their launch. With a loan disbursal of INR 380 crore, MSEs are eager to capitalize on the opportunities offered by the schemes. By embracing green technologies and circular economy projects, MSEs can not only reduce their environmental impact but also enhance their competitiveness in the market. The schemes provide financial support and guidance to MSEs, ensuring the successful implementation of their sustainable projects. As India aims to achieve its sustainable development goals, the participation of MSEs becomes crucial. These enterprises play a vital role in creating jobs, driving innovation, and contributing to economic growth. By supporting MSEs in their transition towards sustainable practices, the GIFT and SPICE schemes are paving the way for a greener and more resilient business landscape in the country. Through these initiatives, MSEs have the opportunity to thrive while minimizing their carbon footprint and promoting a circular economy. By adopting energy-saving measures and investing in environmentally friendly technologies, MSEs can not only reduce their operational costs but also contribute to India’s commitment to combating climate change. The success of the SPICE scheme and the overwhelming response from MSEs highlight the eagerness of businesses to embrace sustainability and contribute to a greener future.