Read or download the official PDF of this gazette notification issued by the Ministry of Social Justice and Empowerment on 2nd August 2026. Classified under Press Release.
Executive Summary
This report details the success of Swarnakaruna Princeton Rubber Industries Private Limited, a sustainable enterprise founded by a first-generation Scheduled Caste woman entrepreneur. Supported by a ₹5 crore investment from the Venture Capital Fund for Scheduled Castes (VCF-SC) in 2023, the company has established an automated rubber recycling plant in Visakhapatnam. The project highlights the role of targeted institutional support in fostering inclusive economic growth and promoting a circular economy through environmentally responsible industrial development.
Key Points / Main Content
Financial Assistance and Growth
The Venture Capital Fund for Scheduled Castes (VCF-SC) provided ₹5 crore in 2023 through equity and optionally convertible debentures.
This initial support enabled the enterprise to secure a second round of funding from the Small Industries Development Bank of India (SIDBI).
The company has created assets worth approximately ₹8 crore and achieved a net worth of ₹2.09 crore.
Financial performance includes a reported revenue of ₹4.36 crore and profits of ₹4.60 crore.
Operational Capabilities and Infrastructure
The company operates an automated recycling plant that converts waste tyres into high-quality crumb rubber powder (10 mesh to 40 mesh).
The facility has an installed production capacity of approximately 6,000 metric tonnes per annum.
The enterprise has successfully recycled more than two lakh waste tyres, addressing significant disposal challenges.
Market Linkages and Employment
Strong industrial linkages have been established with reputed companies, including TVS Sundaram and Hincol.
The project has generated direct employment for 15 individuals, comprising 5 Scheduled Caste employees and 10 non-Scheduled Caste employees.
Impact Analysis
Scheduled Caste EntrepreneursImpact
Entrepreneurs gain access to critical institutional capital that allows them to transform environmental challenges into sustainable business opportunities. The fund empowers first-generation innovators to establish enterprises in emerging sectors.
Action Required
Eligible entrepreneurs should leverage the VCF-SC to secure financial backing for innovative projects that contribute to economic growth and industrial development.
Ministry of Social Justice and EmpowermentImpact
The Ministry fulfills its mandate of promoting inclusive economic growth and fostering entrepreneurship within the Scheduled Caste community.
Action Required
The Ministry must continue to identify and support high-potential projects through the VCF-SC to build a sustainable and greener future for the nation.
Industrial Sector and EnvironmentImpact
The sector benefits from the production of value-added industrial raw materials through waste recycling. This contributes to India's vision of a circular economy and responsible waste management.
Action Required
Industries are encouraged to develop linkages with recycling enterprises to enhance their market reach and adopt sustainable manufacturing practices.
Key Entities Referenced
Venture Capital Fund for Scheduled Castes (VCF-SC): A social initiative scheme that provides financial assistance to Scheduled Caste entrepreneurs to promote entrepreneurship and economic growth.
Ministry of Social Justice and Empowerment: The primary ministry responsible for the welfare and empowerment of marginalized sections, which oversees the VCF-SC initiative.
Mrs. Swarnalatha Nethipudi: A first-generation Scheduled Caste woman entrepreneur and founder of a sustainable rubber recycling enterprise supported by the VCF-SC.
Swarnakaruna Princeton Rubber Industries Private Limited: An Andhra Pradesh-based enterprise that established an automated rubber recycling plant with funding support from the VCF-SC.
SIDBI: A financial institution that provided a second round of funding to the enterprise, supporting its long-term sustainability and growth.
Ministry of Social Justice & Empowerment
Transforming Waste into Wealth: How VCF-SC
Enabled a Scheduled Caste Woman
Entrepreneur to Build a Sustainable Rubber
Recycling Enterprise
प्रव तथ: 02 AUG 2026 4:40PM by PIB Delhi
Mrs. Swarnalatha Nethipudi
Innovation, entrepreneurship and timely institutional support have empowered many aspiring
entrepreneurs to establish businesses that contribute to India's economic growth and environmental
sustainability. One such inspiring example is Swarnakaruna Princeton Rubber Industries Private
Limited, a company based in Visakhapatnam, Andhra Pradesh, founded by Mrs. Swarnalatha
Nethipudi, a first-generation Scheduled Caste woman entrepreneur. Her entrepreneurial journey reflects
the transformative impact of the Venture Capital Fund for Scheduled Castes (VCF-SC) under the
Ministry of Social Justice and Empowerment.
Swarnakaruna Princeton Rubber Industries Private Limited has established an automated rubber recycling
plant for converting waste tyres into high-quality crumb rubber powder ranging from 10 mesh to 40 mesh,
with an installed production capacity of approximately 6,000 metric tonnes per annum. The
environmentally sustainable project addresses the challenge of waste tyre disposal while promoting a
circular economy through the production of value-added industrial raw materials. Recognising the
project's potential, the Venture Capital Fund for Scheduled Castes extended financial assistance of ₹5
crore in 2023 through venture capital assistance comprising equity and optionally convertible debentures.
The support also enabled the enterprise to secure a second round of funding from SIDBI, further
strengthening its growth trajectory.Facility
Automated Rubber Recycling Facility
The financial assistance enabled the company to establish advanced crumb rubber manufacturing
infrastructure, recycle more than two lakh waste tyres, generate employment opportunities for local
communities and promote environmentally sustainable waste management practices. The enterprise has
also developed strong industrial linkages with reputed companies, including TVS Sundaram and Hincol,
enhancing its market reach and long-term sustainability.
The impact of the intervention has been significant. Today, the enterprise has generated direct employment
for 15 people, including 5 Scheduled Caste employees and 10 non-Scheduled Caste employees. It has
created assets worth approximately ₹8 crore, achieved a net worth of ₹2.09 crore, generated revenue of
₹4.36 crore, and recorded profits of ₹4.60 crore. The project has emerged as a model of environmentally
responsible industrial development by converting waste into valuable industrial products while creating
livelihoods and promoting sustainable manufacturing practices.
Mrs. Swarnalatha Nethipudi, Promoter
Reflecting on the journey, Mrs. Swarnalatha Nethipudi said:
"With the support of Venture Capital Fund for Scheduled Castes (VCF-SC), Ministry of Social Justice &
Empowerment, our enterprise gained the financial backing which enabled us to transform an
environmental challenge into a sustainable business opportunity. Today, Swarnakaruna Princeton Rubber
Industries is converting waste tyres into valuable industrial products, creating employment, promoting
circular economy practices, and contributing towards a cleaner and greener India."
Automated Rubber Recycling Facility
The success of Swarnakaruna Princeton Rubber Industries Private Limited demonstrates how
targeted financial support under the Venture Capital Fund for Scheduled Castes is enabling Scheduled
Caste entrepreneurs to establish innovative enterprises in emerging sectors, generate sustainable
employment and contribute to India's vision of environmentally responsible industrial development. By
fostering entrepreneurship and promoting inclusive economic growth, the Ministry of Social Justice and
Empowerment continues to empower innovators, create livelihoods and build a greener and more
sustainable future for the nation.
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