The National essential Mineral Mission (NCMM), which aims to provide supply chain resilience in essential minerals and increase domestic capabilities, includes the project.
As per the Ministry of Mines, the scheme will run for six years, from FY 2025–2026 to FY 2030–31. Electronic garbage, scrap lithium-ion batteries (LIBs), and other end-of-life items like catalytic converters will all be included.
The scheme will help tiny newcomers, including start-ups, as well as big, well-established recyclers. For smaller players, one-third of the whole expenditure has been set aside.
For units starting production within the allotted time, incentives include a 20% capital subsidy on plant and machinery as well as an operational subsidy on additional sales above the base year (FY 2025–26). 40% of the operating subsidy will be given in the second year, and 60% in the fifth.
The overall incentive has been set at ₹50 crore for large entities and ₹25 crore for small entities, with operating subsidies limited at ₹10 crore and ₹5 crore, respectively, to encourage greater participation.
According to the Ministry, the project is anticipated to generate at least 270 kilo tonnes of recycling capacity annually, which will lead to the annual production of roughly 40 kilo tonnes of important minerals. Additionally, it is anticipated to create nearly 70,000 direct and indirect jobs and attract investments totaling almost ₹8,000 crore.
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