<h1>Sustainability adoption among MSMEs rises, signaling stronger intent while capital constraints and policy literacy gaps impede full implementation.</h1> The SPeX index recorded a year-on-year rise, driven by increased willingness among MSMEs to expand environmental policies and anticipate profitability from sustainability measures, while awareness and implementation remain uneven; capital constraints, uncertain returns, and weak policy literacy are primary barriers. SIDBI advances green investments through schemes and a Green Loan qualifying process that applies a Green definitional framework, E&S framework, and Green Technology Basket to ensure energy savings or measured GHG reductions, and provides risk-mitigation and technical support to facilitate adoption.