A plastic waste bank was established under the PPE model in the city of Varanasi, India, in a unique initiative to free the city from plastic. You can exchange waste plastic bottles or other waste materials with money in this waste bank recycling is then carried out on recovered plastic waste.
The KGN company in Maldahiya under the United Nations development programme (UNDP) runs a public-private engagement (PPE) model in the plastic waste banking industry.
In Ashapur, a plant of 10 MT was established and about 150 'safai mitras' are involved in the plastic waste management, according to municipal Commissioner Gaurang Rathi. While the use of polythene is prohibited in the city, tetra bottles and water bottles are used here to recycle.
Sabir Ali, director of KGN, said almost two tonnes of plastic waste is produced in the city every day. The volunteers of the bank collect the plastic waste. Plastic waste is also deposited by the people. Transactions through plastic waste are part of this bank. If the amount is lower, a person receives a cloth bag or facial mask in place of the plastic waste. When a large amount of plastic waste is collected, people will receive money according to their weight.
Ali has said that Rs 25 per kg is purchased with drinking water bottles, while plastic buckets, cans and cups with Rs 10 per kg are purchased. The bank also uses waste for recycling like cardboard. In the Ashapur plant, where the plastique waste is separated, the plastic waste collected on that bank is deposited. The terephthalate polyethylene bottles (PET) are pressed in a hydraulic press and collected in the form of bundles sent for further processing and recycling to other sites.