New Delhi, April 11 (KNN) The Small Industries Development Bank of India (SIDBI) has collaborated with the Dalit Indian Chamber of Commerce & Industry (DICCI) to install 1000 Plastic Reverse Vending Machines (RVMs). The plastic collected will be recycled by partner organisations under the MSME initiatives.

This joint association is a part of SIDBI’s CSR funds directed towards curbing carbon footprint which was announced at the ‘Swachh Delhi, Swavalambi Delhi’ event.

To ensure carbon neutrality, the entrepreneurs involved will use electric vehicles for transportation of the collected plastic.

It also aims at creating employability for entrepreneurs from weaker sections of society mobilised and facilitated by DICCI.

Announcing the joint initiative Sivasubramanian Ramann, CMD, SIDBI said “This small initiative is SIDBI’s part in fulfilling our National commitment at COP26. SIDBI is designed by an act of parliament to take small businesses forward, so we’ll continue to support the start-ups like Theta Enerlytics with a worthy cause.”

As a partner in his initiative Milind Kamble, Chairman, DICCI said “We are looking at installing up to 60 plastic reverse vending machines across Delhi/NCR in the first phase. We’ve already in the process of installing up to 40 RVMs in Kashi. The idea is to cover every nook and corner of the country.”

This initiative was designed keeping in mind the Swach Bharat Mission 2.0, Atmanirbhar Bharat Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, Stand Up India Initiative, and National Commitments given towards Carbon Neutrality at COP26. (KNN Bureau)