MoneyBin

Industry: Waste Management
Cohort: 2023

Moneybin Resources is solving the issue of improper waste segregation at the source level by directly collecting recyclable waste from the doorstep of households, segregating it into 15+ categories, and profitably selling it to recycling factories by employing unskilled women labourers.

Since it’s incorporation in June 2022 they have expanded to over 20,000 households in Tirupur, a Tier-II city in Tamil Nadu, and collected 70 metric tonnes of waste, employing 45 women. They spread awareness about waste segregation by providing free garbage bags and paying INR 10 per kg for the waste collected by the households.

They aim to include a million households in their ecosystem and also set up a recycling unit to manufacture bricks for thermal energy using the unrecyclable MLP.

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