Take a look at e-waste recycling incentives for Indian households
What's the story
India is facing a growing crisis of electronic waste. As technology advances rapidly, gadgets become outdated, contributing to the pile of e-waste.
Most people are unaware that recycling these items not only helps the environment but can also put some extra cash in their pockets.
This article details how much money Indian households can earn by recycling.
Monetary rewards
Earn while you recycle
Many recycling programs in India will pay you if you give them your old electronics.
Companies and authorized e-waste recyclers will pay you depending on the type and condition of the electronic waste you're getting rid of.
For example, you can earn between ₹500 and ₹2,000 for an old smartphone, depending on the model and whether it still works.
Upgrade benefits
Exchange offers on electronics
Retailers and manufacturers frequently offer trade-in deals, allowing you to swap your outdated tech for discounts on shiny new upgrades.
This not only minimizes e-waste but also makes the upgrade process more cost-effective.
For instance, trading in an old laptop could snag you up to 20% off on a new one.
Community participation
Collection drives and points
Local councils and environmental groups often hold e-waste collection drives, offering a convenient way for households to get rid of unwanted electronics.
Some systems even feature permanent drop-off points, allowing you to dispose of e-waste whenever it suits you.
And, there's often a bonus involved - many programs offer incentives like gift vouchers or coupons for local shops.
Philanthropy advantage
Tax benefits for donations
Donating your old electronics to certified charities or educational institutions can get you tax deductions under the Income Tax Act.
By doing so, you not only help those in need but also benefit financially through tax savings.
You contribute to environmental sustainability and the circular economy, either by extending the life of electronics or ensuring their safe recycling.