Overwhelming Response as Firms Register for ₹1,500-Crore Critical Mineral Recycling Incentive Scheme: Government

The Union Government has announced a strong industry response to its ₹1,500-crore incentive scheme for recycling critical minerals, with a significant number of companies registering to participate. The scheme, designed to boost India’s self-reliance in essential minerals needed for clean energy, electronics, defence, and advanced manufacturing, aims to create a robust circular economy ecosystem.

According to official sources, the registrations reflect growing private-sector interest in recycling key minerals such as lithium, cobalt, nickel, rare earth elements, and other strategic resources. These minerals are vital for electric vehicle batteries, solar modules, wind turbines, semiconductor components, and high-precision technologies.

The government emphasized that the scheme will not only reduce import dependency but also strengthen domestic supply chains, promote sustainable mining alternatives, and support India’s broader vision of energy transition and green industrial growth.

The Ministry of Mines is expected to shortlist eligible firms and begin rolling out incentives in phases, accelerating investments in advanced recycling technologies and processing infrastructure.