The Indian government is planning a Rs 15,000 crore green initiative for the micro, small, and medium enterprises (MSMEs) to boost recycling and efficiency.

A specialized organization will guide the MSMEs in their shift to green energy and create tailored policies.

The initiative will boost competition in the global market by providing financial incentives, capacity building, and policy support.

A new e-marketplace for recycling is expected to be established, facilitating seamless information exchange between manufacturers and waste collectors.

The scheme is expected to focus on energy efficiency and alternative fuels, with the Bureau of Energy Efficiency (BEE) potentially involved in assessing emission levels and establishing baseline measurements.

The initiative will launch by early 2025 and will focus on establishing material recovery facilities (MRFs) and managing post-consumption product treatment.

The scheme is being developed with contributions from various stakeholders, including the Ministry of New and Renewable Energy, the Ministry of Environment, Forest, and Climate Change, and the Ministry of Power, according to a report in a leading daily.