Cabinet Clears INR 1,500 Cr Scheme For Critical Mineral Recycling

The scheme has been envisaged with developing at least 270 kilotons of annual recycling capacity

The Centre said that the scheme will result in the production of nearly 40 kilotons of annual critical minerals, create 70,000 jobs and enable INR 8,000 Cr worth of investments

The government will offer up to 20% subsidy on capital expenditure for plant and machinery, equipment and associated utilities for starting production

In a bid to reduce import dependence, the Union…