Overview
The rapid pace of technological advancements has resulted in an increasing amount of
electronic waste (e-waste), such as old mobile phones, computers, and televisions. E-waste recycling involves the recovery of valuable materials like
gold,
copper,
silver, and
plastic while ensuring proper disposal of hazardous substances. The e-waste recycling business is growing due to increasing regulations around proper e-waste disposal and rising demand for
sustainable electronics.
Scalability & Profitability
E-waste recycling offers high scalability, especially with the increasing amount of e-waste generated globally. Profit margins in e-waste recycling can range from
10% to 20%, with higher profitability potential based on the recovery rate of valuable materials and efficient processing technology.
Eligibility Criteria
- Facility Setup: Requires specialized equipment such as shredders, separators, and smelting furnaces.
- Regulatory Compliance: The business must meet the e-waste management and disposal regulations.
Where You Can Apply for Subsidies
- Swachh Bharat Mission: Government initiatives for environmental sustainability and waste management.
- MSME Schemes: Support for machinery purchase, operational setup, and recycling technologies.
Project Cost & Subsidy
The cost of setting up an e-waste recycling unit ranges from
INR 20 Lakhs to INR 1 Crore, with subsidies available up to
30% of the 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!
