Fe-Mn-Si-based shape memory alloys are the most favorable for largescale applications owing to low cost, good workability, good machinability, and good weldability. However, polycrystalline Fe-Mn-Si-based shape memory alloys have low recovery strains of only 2-3% after solution treatment, although monocrystalline ones reach a large recovery strain of %9%. This review gives an overview of the improvement of recovery strains for polycrystalline Fe-Mn-Si-based shape memory alloys. It is proposed that two fundamental aspects, that is, composition design and microstructure design, shall be satisfied for obtaining large recovery strains of above 6%. Alloying compositions determining the ceiling of recovery strains shall follow three guidelines: (i) Si content is 5-6 wt%; (ii) 20 wt% Mn 32 wt%; (iii) addition of elements strongly strengthening austenite matrix. Microstructure design includes coarsening austenitic grains and reducing twin boundaries as far as possible together with introducing a high density of stacking faults and second phases of strengthening austenite.