US EditionIndia Launches Rs 1,500-Crore Scheme to Boost Critical Mineral Recycling
The Rs 1,500 crore scheme targets developing 270 kilotons of annual recycling capacity, producing 40 kilotons of critical minerals and creating 70,000 jobs over six years.
- On September 3, the Union Cabinet chaired by Prime Minister Narendra Modi approved a Rs 1,500 crore scheme to boost recycling capacity for critical minerals, focusing on e-waste and battery scrap.
- Faced with export curbs and geopolitical disruption, India remains 100% import-dependent for at least 10 critical minerals, with mining new assets taking time, prompting recycling measures.
- The Centre said the scheme will target at least 270 kilotons annual recycling capacity, produce nearly 40 kilotons annual critical minerals, create 70,000 jobs, attract INR 8,000 Cr investment, and include a 20% capital subsidy with staged opex payouts.
- Over six years the scheme will run from FY2025-26 to FY2030-31, covering new units and existing unit expansions, with one-third of funds reserved for small recyclers and start-ups.
- Under the National Critical Mineral Mission launched in January this year with an INR 16,300 Cr outlay, recycling acts as a near-term strategy to bolster supplies for clean energy transition, electric vehicles, electronics and advanced manufacturing.
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Rs 1,500-crore scheme for recycling critical minerals gets Cabinet nod - The Tribune
The Union Cabinet on Wednesday approved a Rs 1,500-crore incentive scheme to develop recycling capacity for the separation and production of critical minerals from secondary sources. The scheme is a part of the National Critical Mineral Mission, which is aimed at building the domestic capacity and supply chain resilience in critical minerals.
Government approves Rs 1,500 crore recycling scheme for critical minerals, aims to generate 70,000 jobs
The Union Cabinet has approved a new Rs 1,500 crore incentive scheme under the National Critical Mineral Mission to promote the recycling of critical minerals from secondary sources like e-waste and battery scrap.
India Launches Rs 1,500-Crore Scheme to Boost Critical Mineral Recycling
The Union Cabinet approved a Rs 1,500-crore incentive scheme to enhance recycling capacity for critical minerals in India. Aimed at boosting domestic self-reliance and supporting green energy transition, the scheme is expected to generate 40 kilo tonnes of vital minerals annually, creating significant investment and job opportunities.
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