The Council of Ministers approves the incentives scheme of 1500 rupees to recycle critical minerals

The Council of Ministers has imposed a large incentive scheme worth 1500 rupees that aim to enhance the capacity of critical minerals. This initiative, which falls under the task of critical national minerals (NCMM), seeks to strengthen the recycling value chain and ensure fixed supplies of basic minerals. This scheme aims to separate and produce critical minerals from secondary sources, and is compatible with the broader national goals of sustainable supply chains.

This new scheme with the support of capital expenditures is 20 % (CEPEX) for the factory and the machines participating in the recycling process, with a decrease in the low -delay support outside the specified time frame. In addition, operating spending support (Opex) is provided as an incentive to additional sales throughout the basic year, and its climax with potential total financial aid of up to 50 rupees for large entities and 25 rupees of a smaller counterpart.

The Ministry of Mines expect this incentive to facilitate the development of at least 270 kilograms of the annual recycling capacity. This translates into about 40 kilograms of annual annual metal production, pays an investment flow of about 8,000 rupees and creates about 70,000 jobs. “There is a wise way to ensure the sustainability of the supply chain in the short term is through the recycling of secondary sources,” said the Ministry of Mines.

The scheme extends for six years from the 26th fiscal year to the 31st fiscal year and covers qualified raw materials such as electronic waste, latheium meat Ion battery, and other relevant materials. The beneficiaries will include both the recyclable recycling and the new expatriates, including startups, with a third of the allocation of the scheme designated for new players. This initiative supports investments in both new projects and expansion or talking about current facilities.

The Minister of Federation for Heavy Industries, HD Kumaraswamy, commented on the compatibility of the plan with the Ministry’s obligations to green movement and clean energy. He stated: “It is in line with the commitment of the Ministry of Heavy Industries to green mobility and clean energy. This initiative will provide sustainable supply chains for lithium ion batteries and other important minerals necessary for electric cars, advanced storage solutions and emerging technologies.”

Kumarasuami also emphasized the initiative to the initiative with the broader environmental and industrial goals. He added: “It completes our broader pushing for EV, PLI plans and investments in ready -made industries in the future, which creates strong ties between recycling, resource efficiency and green movement revolution.”

This scheme represents a strategic payment by the government to address the challenges of pregnancy facing the critical metal chain, which includes exploration, auction and acquisition. By focusing on recycling, the government aims to quickly bridge these gaps and ensure sustainable supplies of basic minerals for various industries, especially the electric car sector.

In general, the initiative is expected to play an important role in India’s move towards a sustainable industrial future, which enhances resource efficiency and innovation in critical sectors. It seeks to create a strong framework for recycling critical metals that will serve the country’s prosperous energy and technology needs.