Scheme is part of the National Critical Mineral Mission (NCMM).
- Recycling of critical minerals aims to ensure near-term supply chain sustainability, given the long gestation period for new mining operations.
Key features of the scheme
- Financial Outlay: ₹1,500 crore
National Critical Mineral Mission (NCMM)
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- Tenure: Six years, from FY 2025-26 to FY 2030-31
- Eligible Feedstock: Includes e-waste, Lithium-Ion Battery (LIB) scrap, and other scraps such as catalytic converters from end-of-life vehicles.
- Beneficiaries: Both large and small/new recyclers (including start-ups), with one-third of the outlay for small entities.
- Incentive Mechanism:
- 20% capital expenditure (capex) subsidy on plant and machinery for timely production.
- Operational expenditure (opex) subsidy on incremental sales: 40% in the 2nd year and 60% in the 5th year (FY 2026-27 to FY 2030-31)
- Incentive Ceilings: Total incentives capped at ₹50 crore for large entities and ₹25 crore for small entities.
- Expected Outcomes
- Projected to develop 270 kilotons of annual recycling capacity, resulting in 40 kilotons of annual critical mineral production,
- Attracting ₹8,000 crore in investment, and
- Creating 70,000 direct and indirect jobs.
