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The students of National Institute of Design are going to develop usable products from demonetised currency notes. NID has bagged the project from Reserve Bank of India. The RBI has sent around 200 kg briquettes, i.e., blocks of compressed material of Rs. 1,000 and Rs. 500 notes to the institute.
National Institute of Design will also hold an all-India competition where the students will get an opportunity to earn a prize money of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000 if they are successful in creating usable products with the demonetised currency notes. The competition is expected to start by NID in the last week of May.
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Mr. Pravinsinh Solanki, Coordinator of Interior Design and Furniture course at National Institute of Design revealed that the RBI has destroyed these notes and they have become scrap now. The government wants the institute to recycle the scrap and turn them into usable products, he added.
He further revealed that the objective of the government is not to waste the valuable resources like paper that has been used to design and print these notes. Therefore, the government entrusted the responsibility of recycling of these notes to National Institute of Design.
Also read: - Students of UEM, Jaipur Develop Car from Scrap Materials and Motorbike Engine
He mentioned that the institute would create something that is useful to society with this scrapped material. However, the institute is not sure as to what kind of products shall be created but assured that their initiative will inspire others. The institute will work towards attaining a green future, Mr. Solanki said.
