Page 48 - Banking Finance August 2021

ARTICLE

RECYCLING OF

WASTE ''A NEED

AND BUSINESS

OPPORTUNITY

FOR BANKS ''

Introduction: sources, some of them are difficult to dump those can be
recycled and used further, it is very important as waste has
On 2nd October 2014 'Swachh Bharat Mission' was launched
through the length and breadth of the country as a National a huge negative impact on environment .Harmful chemicals
Movement to clean up the streets, roads and infrastructure and greenhouse gases are released from various waste
of cities, town and rural area. The aim of the mission was materials. Recycling will help to reduce the pollution caused
by waste materials.
to achieve the Vision of a Clean India by 2nd October 2019,
as a clean India would be the best tribute India could pay
Recycling is the process of converting waste material into
to our Father of the Nation 'Mahatma Gandhi' on his 150th
birth anniversary. new reusable material or object that can prevent the waste
of potentiality, useful material and reduce the consumption
of fresh raw material so that the rainforest can be
The program Swachh Bharat Abhiyan was successfully led
by our Prime minister Mr. Narendra Modi and has become preserved, thereby reducing air and water pollution and
conservation of energy.
a 'Jan Andolan' receiving tremendous support from the
citizens. In spite of that much more efforts are required to
criminate or dump the garbage originating from many There are three main types of recycling processes. First is
Primary recycling is closed loop recycling which is the process
of turning one waste product into same useful items like
About the author paper into paper, soda cans into more soda cans etc. Second
is Secondary recycling means turning one waste product into
Mohit Mishra another useful product ,tire recycling is a classic example of
Chief Manager secondary recycling because the vast majority of recycled
Union Bank Of India
Staff Training Center Gurgaon tire do not end up as new tire, instead they're turned into
other products made with rubber. Third is tertiary or

48 | 2021 | AUGUST | BANKING FINANCE