58 companies found eligible under ₹1,500-crore Critical Mineral Recycling incentive scheme
The Ministry of Mines said on 30 April 2026 that 58 companies, with pledged capacity of about 850 KTPA and investment of about ₹5,000 crore, have been approved as eligible under the ₹1,500-crore Incentive Scheme for Promotion of Critical Mineral Recycling under the National Critical Mineral Mission.
Summary
The Incentive Scheme for Promotion of Critical Mineral Recycling has 58 companies approved as eligible, the Ministry of Mines announced on 30 April 2026 after completing the eligibility assessment. The scheme has an outlay of ₹1,500 crore under the National Critical Mineral Mission, was notified on 2 October 2025, and aims to build domestic capacity to recover critical minerals from lithium-ion batteries, e-waste and industrial scrap. Applications were open from 2 October 2025 to 1 April 2026 and were evaluated by the Project Management Agency, Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC). The Executive Committee cleared 20 entities on 30 March 2026 and 38 on 29 April 2026, with a pledged capacity of about 850 KTPA and pledged investment of about ₹5,000 crore; the next stage is project execution.
Key facts
- Scheme
- Incentive Scheme for Promotion of Critical Mineral Recycling
- Outlay
- ₹1,500 crore, under National Critical Mineral Mission
- Notified
- 2 October 2025
- Eligible
- 58 companies (20 on 30.03.2026 + 38 on 29.04.2026)
- Pledged
- ~850 KTPA capacity; ~₹5,000 crore investment
- Project Management Agency
- JNARDDC
Practice MCQs 3 questions
What is the total outlay of the Incentive Scheme for Promotion of Critical Mineral Recycling under the National Critical Mineral Mission?
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Correct answer: A — ₹1,500 crore
The scheme has a total outlay of ₹1,500 crore under the National Critical Mineral Mission and was notified on 2 October 2025.
Which institution is the Project Management Agency (PMA) that evaluated proposals under the Critical Mineral Recycling incentive scheme?
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Correct answer: C — Jawaharlal Nehru Aluminium Research Development and Design Centre
Proposals were evaluated by the PMA, the Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC).
Consider the following statements about the Critical Mineral Recycling incentive scheme: 1. The scheme covers recovery of critical minerals from lithium-ion batteries, e-waste and industrial scrap. 2. All 58 eligible companies were cleared in a single Executive Committee meeting on 29 April 2026. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: 20 entities were cleared on 30 March 2026 and 38 on 29 April 2026.