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Centre to provide one-time financial support for recycling plants for discarded fishing nets, plastic waste

The government will provide a one-time financial support for youth-led recycling startups for abandoned and discarded fishing nets and other plastic waste that litter coastal areas.

Updated on: Sept 22, 2024 06:38 am IST
By , New Delhi
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The government will provide a one-time financial support for youth-led recycling startups for abandoned and discarded fishing nets and other plastic waste that litter coastal areas, Union environment minister Bhupender Yadav said on Saturday.

These guidelines have been developed to provide one-time financial support to project proponents towards capital costs of setting up recycling plant & machinery for Abandoned, Lost & Discarded Fishing Gears (ALDFGs) and other plastic waste with high littering potential in coastal areas. (AFP)

Yadav unveiled the guidelines for one-time financial support for establishing recycling plants while taking part in a beach cleanup drive at Juhu Beach in Mumbai on the occasion of International Coastal Cleanup Day.

These guidelines have been developed to provide one-time financial support to project proponents towards capital costs of setting up recycling plant & machinery for Abandoned, Lost & Discarded Fishing Gears (ALDFGs) and other plastic waste with high littering potential in coastal areas. The focus is on establishing fishing gears/net and marine plastic waste recycling facilities in the twelve blue flag certified beaches in the country.

New plastic waste and fishing gear/net recycling units that possess a valid Consent to Establish (CTE) and located beyond Coastal Regulation Zone (CRZ) and permissible under local by-laws and regulations shall be eligible for assistance, the guidelines state.

Financial support will be provided as a one-time grant of either 19 lakh per tonne 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 38 lakh per proposal. For setting up nylon fishing gear/ net recycling plant, one-time financial support will be provided of either 24 lakh per tonne of production capacity or 40% of the capital cost, whichever is lower, subject to a maximum of 48 lakh per proposal.

 
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