Centre to provide one time financial support to recycling startups

Financial support will be provided as a one-time grant of either, Rs. 19 lakhs per TPD of production capacity

Mumbai: Union Minister for Environment Forest and Climate Change Bhupender Yadav said the government will provide one-time financial support for youth-led recycling startups for creating a cleaner and greener planet.

The Union Minister also announced guidelines for “One-Time Financial” support for establishing Recycling Plants while taking part in Beach Clean-up Drive at Juhu, Mumbai on the occasion of International Coastal Cleanup Day today.

According to the Ministry, the financial support will be provided as a one-time grant of either, Rs. 19 lakhs per TPD of production capacity or 40% of the capital cost of the plastic waste recycling plant and machinery, whichever is lower, subject to a maximum of Rs. 38 lakhs per proposal.

The one-time financial assistance will be provided from CPCB Extended Producer Responsibility (EPR) funds including Environmental Compensation as well as through Environmental Protection Fund for establishing a total of 25 units near blue flag beaches.

Highlighting the importance of cleanliness, the Minister said, “Nature generously provides us with pure resources, our return to the earth often consists of waste”.

Bhupender Yadav mentioned that we human beings often forget the importance of cleanliness despite our understanding of resource utilization.

The Minister also encouraged the citizens to join “Ek Ped Maa Ke Naam,” initiative as inspired by Prime Minister Narendra Modi. “By planting a tree, we express our gratitude to Mother Earth, recognizing the dual role of our mothers in nurturing life,” he added.

He also spoke that the Government and the Ministry is committed to taking actionable steps, pledging to clean Mumbai’s beaches.

Maharashtra Chief Minister Eknath Shinde emphasized the importance of cleanliness as a service, highlighting the state’s 720 km-long coastline and its potential to boost tourism.

He expressed satisfaction in citizens’ participation in the cleanliness drive launched on September 17 at Girgaum Chowpatty, which will continue until October 2.

This coast cleanliness drive is conducted alongside more than 100 other beaches across coastal states and Union Territories.

This year, the theme for the cleanliness campaign is “Swabhav Swachhata – Sanskaar Swachhata,” emphasizing the importance of natural cleanliness and cultural responsibility towards maintaining clean beaches and marine ecosystems.