MSE-SPICE (MSE Scheme for Promotion and Investment in Circular Economy), RAMP sub-scheme is a subsidy from Ministry of MSME (RAMP); SIDBI as implementing agency for udyam-registered MSEs taking a term loan from a bank or participating financial institution for a brownfield circular-economy project in…. It provides Up to ₹50 L, for circular-economy · recycling · waste-management · manufacturing. Applications are currently open.
Key facts
| Amount / benefit | Up to ₹50 L |
|---|---|
| Provider | Ministry of MSME (RAMP); SIDBI as implementing agency |
| Where | Pan-India |
| Stage | Early Revenue, Growth |
| Sector | circular-economy · recycling · waste-management · manufacturing |
| Deadline | Applications open |
What is MSE-SPICE?
MSE-SPICE (MSE Scheme for Promotion and Investment in Circular Economy), RAMP sub-scheme — Up to 25% capital subsidy on plant & machinery cost, maximum ₹12.5 lakh (P&M up to ₹50 lakh; capped at ₹12.5 lakh above that) — Udyam-registered MSEs taking a term loan from a bank or participating financial institution for a brownfield circular-economy project in one of 11 identified sectors. Must comply with EPR and recycling targets; CMR 1–4. A unit can take either MSE-GIFT or MSE-SPICE, not both. It is run by Ministry of MSME (RAMP); SIDBI as implementing agency.
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in circular-economy · recycling · waste-management · manufacturing. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for MSE-SPICE?
Udyam-registered MSEs taking a term loan from a bank or participating financial institution for a brownfield circular-economy project in one of 11 identified sectors. Must comply with EPR and recycling targets; CMR 1–4. A unit can take either MSE-GIFT or MSE-SPICE, not both. Not for: Greenfield units (per bank and SIDBI FAQ; a 2025 report suggested greenfield may be added); units already availing MSE-GIFT.
How much does MSE-SPICE give, and in what form?
Up to ₹50 L.
Frequently asked questions
What kind of support is this?
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan.
Who runs this programme?
MSE-SPICE (MSE Scheme for Promotion and Investment in Circular Economy), RAMP sub-scheme is offered by Ministry of MSME (RAMP); SIDBI as implementing agency. Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Related programmes
Browse similar subsidy programmes. CapEasy handles this under MSME / Udyam registration.
Source and verification
No official page is linked for this programme yet. Verification date pending. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.