Abstract

Micro, Small and Medium-Sized Businesses in India are very important for the country’s economy because they contribute a lot to the GDP and provide employment. The circular economy model gives Micro, Medium-Sized Businesses a plan to reduce waste use resources more efficiently and become more competitive as the demand for sustainability increases globally. This study looks at how Micro, Small and Medium-Sized Businesses are adopting the circular economy model in five main industries: textiles, food processing, electronics, automotive and construction. The study uses data, policy analysis and case studies to find out how well the circular economy model is working in these industries. The results show that different industries are adopting the circular economy model at rates. For example Micro, Medium-Sized Businesses in the textile and automotive industries are adopting the circular economy model more quickly because of their relationships with big companies and the need to meet sustainability standards for export. The study also looks at case studies from Gujarat, Tamil Nadu and Maharashtra. These case studies show that effective circular economy techniques include composting waste refurbishing electronic waste and recycling textiles. These programs have benefits, including reducing costs creating jobs and reducing the negative impact on the environment. However Micro, Small and Medium-Sized Businesses still face challenges, such as a lack of money, technical expertise and clear regulations. Even though there is awareness about sustainability, the current laws and regulations such as the National Resource Efficiency law and ZED certification do not specifically support the circular economy model. This study suggests that Micro, Small and Medium-Sized Businesses should include circular economy modules in their training programs. It also recommends sector- incentives and circular economy certification programs. This research provides insights for teachers, entrepreneurs and policymakers by highlighting the importance of working together and suggesting a roadmap, for adopting the circular economy model. It shows how the circular economy model can help create an resource-efficient Micro, Small and Medium-Sized Businesses ecosystem that supports Indias sustainable development goals.