The Ministry of Mines has completed the eligibility assessment under the Incentive Scheme for Promotion of Critical Mineral Recycling. A total of 58 companies have been approved as eligible for participation under the scheme, which is aimed at strengthening critical mineral security and advancing a circular economy approach. Furthermore, it seeks to lower import dependence while supporting clean energy and advanced manufacturing sectors.
The scheme, launched under the National Critical Mineral Mission, has a total outlay of Rs 15 billion. It is designed to build domestic recycling capacity for critical minerals recovered from lithium-ion batteries, e-waste, and industrial scrap. The application window remained open from October 2, 2025 to April 1, 2026 and received strong participation from industry stakeholders. Proposals were evaluated by the Project Management Agency, Jawaharlal Nehru Aluminium Research Development and Design Centre, as per scheme guidelines.
The executive committee cleared 58 entities, with 20 approved on March 30, 2026 and 38 on April 29, 2026. The selected entities represent a combined capacity of about 850 KTPA and a cumulative investment of around Rs 50 billion, covering battery recycling, e-waste processing, and other waste recovery segments. The next stage is project execution, where capacity creation and production commencement will be considered for financial support under the scheme.
