Salient Features of Policy:
- Objective: The draft policy intends to minimize this inherent cost of economic growth on the natural environment y transforming country’s waste management sector into a secondary resource recovery sector.
- National Resource Efficiency Authority (NREA): This will be achieved by setting up a NREA with a core working group housed in the Ministry of Environment. It’s mandate will be developing and implementing resource efficient strategies for material recycling, reuse and land-filling targets for various sectors and set standards for reuse of secondary raw materials.
- Inter-Ministerial National Resource Efficiency Board: NERA would be supported by an Inter-Ministerial National Resource Efficiency Board to guide on the aspects critical to its implementation.
- Strategy:
- It is also planned to offer tax benefits on recycled materials, green loans to small and medium Enterprises (SMEs) and soft loans to construct waste disposal facilities, apart from setting up Material Recovery Facilities (MRF).
- Manufacturers and service providers would be required to use more recycled or renewable materials.
