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of <h1>Indian Government Extends Eco-Friendly Plastic Waste Project Under Section 35AC, Increases Funding to Rs. 20 Crore</h1> The Central Government of India has extended the eligibility of the project 'Recycle Recover Reuse of plastic waste in an eco-friendly manner' by the Indian Centre for Plastics in the Environment as an approved scheme under Section 35AC of the Income-tax Act, 1961. Initially notified in 2003, the project was extended in 2006 and 2009, with the project cost increased from Rs. 1000 lakh to Rs. 20 crore. The address of the institution has been updated to Olympus House, Mumbai. The National Committee for Promotion of Social and Economic Welfare recommended these changes, confirming the project's proper execution.
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