VCF-SC support helps woman entrepreneur build rubber recycling enterprise in India
Swarnakaruna Princeton Rubber Industries Private Limited, a rubber recycling company based in Visakhapatnam, Andhra Pradesh, has been highlighted by India’s Press Information Bureau as an example of how targeted financial support can help entrepreneurs build sustainable industrial businesses. Founded by Mrs. Swarnalatha Nethipudi, a first-generation Scheduled Caste woman entrepreneur, the company has established an automated facility that converts waste tires into crumb rubber powder ranging from 10 mesh to 40 mesh. The plant has an installed production capacity of about 6,000 metric tonnes per year and has recycled more than two lakh waste tires. The project received ₹5 crore in financial assistance in 2023 through the Venture Capital Fund for Scheduled Castes, under the Ministry of Social Justice and Empowerment, supporting a circular economy model based on rubber recycling, waste tire recovery, industrial raw material production and local employment.