CMRIS is a key component of the National Critical Mineral Mission, and is aimed at developing the critical mineral recycling capacity in the country.
About CMRIS
- Scheme will incentivize the development of recycling capacity for separation and extraction of critical minerals in the country.
- It aims to build 270 kilo ton annual recycling capacity, produce 40 kilo ton of critical minerals, attract around ₹8,000 crore in investments
- Incentives: Incentives will be provided on reimbursement basis for capital expenditure and on achieving a threshold incremental sale for operational expenditure.
- Tenure: Six financial years, starting from FY 2025-26.
- Eligible feedstock source: E-waste, spent Lithium-ion Batteries (LiB), and other scrap material.
- Applicability: Applicable to investments in new units and expansion of capacity / modernization and diversification of existing units.
Significance of Recycling of Critical Minerals
- Supply Security: It creates a valuable secondary supply source that reduces reliance on new mines and enhances supply security for countries importing minerals.
- Sustainability: On average, recycled energy transition minerals such as nickel, cobalt and lithium incur 80% less greenhouse gas emissions than primary materials produced from mining.
About National Critical Mineral Mission
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