Cabinet approves Rs.1,500 crore Incentive Scheme to promote Critical Mineral Recycling in the country

The government approved a ₹1,500 Cr incentive scheme under the National Critical Mineral Mission to boost recycling of e-waste and lithium-ion battery scrap. Running FY26–FY31, it provides Capex/Opex subsidies capped at ₹50 Cr for large and ₹25 Cr for small firms. The scheme targets 270 KT recycling capacity, yielding 40 KT of critical minerals, attracting ₹8,000 Cr investment, and creating 70,000 jobs, shaped through industry consultations