Overview
Aluminium recycling is a process that involves recovering aluminium from products such as scrap metal, used beverage cans, and old aluminium products. This process not only conserves natural resources but also significantly reduces energy consumption compared to primary aluminium production. The demand for recycled aluminium is growing in sectors like
automotive,
packaging, and
construction.
Scalability & Profitability
Aluminium recycling has immense potential for scaling up, driven by the rising demand for
sustainable and
eco-friendly materials. Profit margins for this industry range from
15% to 25% depending on the cost of raw materials, processing efficiency, and market prices of recycled aluminium.
Eligibility Criteria
- Facility Setup: Requires a scrap processing and melting facility.
- Environmental Standards: Must comply with environmental and safety regulations for waste disposal and emissions.
Where You Can Apply for Subsidies
- MSME Schemes: Assistance for machinery purchase, waste management systems, and working capital.
- National Clean Energy Fund (NCEF): Funding for implementing sustainable and energy-efficient technologies in the recycling process.
Project Cost & Subsidy
The investment for setting up an aluminium recycling unit typically ranges from
INR 30 Lakhs to INR 1.5 Crores, with subsidies available up to
30% of the total project cost.
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
