India clears Rs 1,500 crore subsidy for critical mineral recycling

The Cabinet on Wednesday gave its go-ahead to a Rs 1,500 crore incentive scheme to promote recycling of critical minerals in the country.

The decision was taken during the cabinet meeting held under the chairmanship of Prime Minister Narendra Modi.

The scheme aims at developing recycling capacity in the country for the separation and production of critical minerals from secondary sources. These include e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, such as catalytic converters in end-of-life vehicles.