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58 Companies Eligible Under ₹1,500 Cr Critical Minerals Recycling Scheme With ₹5,000 Cr Investment

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
01 May 2026
~2 min
Source: The Hindu
Key Data:58 companies850 KTPA₹5,000 crore investment₹1,500 crore scheme
Bodies:Ministry of Mines
Practice MCQs from today's news ▸
What This Article Covers

1.58 companies have been deemed eligible to participate in the Ministry of Mines' incentive scheme for critical mineral recycling.

2.The companies have pledged a combined recycling capacity of 850 Kilo Tonnes Per Annum (KTPA) and an investment of about ₹5,000 crore.

3.This ₹1,500 crore scheme aims to augment domestic capacity for separating and producing critical minerals from secondary sources, reducing import dependence.

The Big Picture
Prelims · HighMains · Medium

The Ministry of Mines has approved 58 companies under a ₹1,500 crore incentive scheme to build recycling capacity for critical minerals from secondary sources. This is a key step towards India's self-reliance in strategic resources, vital for sectors like electric vehicles and renewable energy.

Exam Lens

Quick Exam Facts From News

Number of Eligible Companies58
Total Pledged Capacity850 KTPA
Total Pledged InvestmentAbout ₹5,000 crore
Scheme Incentive Outlay₹1,500 crore
Nodal MinistryMinistry of Mines

1-Minute Revision

  • ›Number of Eligible Companies: 58
  • ›Total Pledged Capacity: 850 KTPA
  • ›Target this Data: 58 companies, ₹1,500 crore scheme outlay, 850 KTPA pledged capacity, ₹5,000 crore pledged investment.
  • ›Target this Nodal Body: Ministry of Mines.
  • ›Target this Scheme: Incentive Scheme for Promotion of Critical Mineral Recycling.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry is implementing the Incentive Scheme for Promotion of Critical Mineral Recycling mentioned in the news?

Q2Statement-basedHard

Consider the following statements regarding the critical minerals recycling scheme:

1. The Ministry of Mines has deemed 58 companies eligible under the ₹1,500 crore incentive scheme.

2. The scheme aims to augment recycling capacity for critical minerals from primary mining sources.

3. The eligible companies have pledged a total recycling capacity of 850 KTPA and an investment of about ₹5,000 crore.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What is the total pledged recycling capacity (in KTPA) by the 58 companies deemed eligible under the critical minerals recycling scheme?

Q4Application/ImpactMedium

What is the primary objective of the ₹1,500 crore Incentive Scheme for Promotion of Critical Mineral Recycling?

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