New Delhi, July 14 -- Central schemes to help Indian micro and small businesses turn green have found no takers, with less than 1% or only Rs.7.23 crore of a Rs.950 crore outlay disbursed so far.

The MSME Green Investment and Financing for Transformation Scheme (MSME-GIFT) and MSME Scheme for Promotion and Investment in Circular Economy (MSME-SPICE) have barely seen any interest from micro, small and medium enterprises (MSMEs).

Only 629 GIFT applications and four SPICE applications have been approved till June, data on the Union MSME ministry's performance smartboard showed.

These schemes are only meant for micro and small businesses.

While Rs.6.87 crore has been dispensed under the GIFT scheme, SPICE has recorded an outgo of a paltry...