New Delhi, March 14 -- The Centre's MSE Green Investment and Financing for Transformation (MSE GIFT) Scheme saw disbursal of paltry Rs.13.22 crore, just 3.7% of the targeted Rs.350 crore in interest subvention, according to a parliamentary written response by the Union ministry of micro, small, and medium enterprises (MSMEs).

The MSME ministry's Lok Sabha disclosure, a written response by minister of state Shobha Karandlaje on 12 March, showed Tamil Nadu had the most MSE beneficiaries at 1,067, followed by Punjab (610) and Rajasthan (608).

The scheme, which began in 2023-24 and runs until 2025-26, is set to end on 31 March. It allows businesses seeking to green their operations-by adopting renewable energy or energy-efficient machinery-...