Ministry of Mines Approves 58 Companies under Rs 1,500 Crore Critical Mineral Recycling Incentive Scheme
In May 2026, the Ministry of Mines (MoM) approved 58 companies as eligible participants under the Incentive Scheme for Promotion of Critical Mineral Recycling (IS-PCMR), a key initiative under the National Critical Mineral Mission (NCMM) with a total outlay of Rs.1,500 crore.
In May 2026, the Ministry of Mines (MoM) approved 58 companies as eligible participants under the Incentive Scheme for Promotion of Critical Mineral Recycling (IS-PCMR), a key initiative under the National Critical Mineral Mission (NCMM) with a total outlay of Rs.1,500 crore.
- The scheme aims to reduce import dependence while strengthening clean energy and advanced manufacturing sectors by building domestic recycling capacity for lithium-ion batteries, e-waste, and industrial scrap.
About the Application & Evaluation for IS-PCMR:
Data: Pledged investments of around Rs. 5,000 crore, with a capacity of 850 Kilo Tonnes Per Annum (KTPA).
Segments: Includes battery recycling, Electronic Waste (e-waste) processing, and industrial scrap recovery across key industrial sectors.
Process: Applications were open from October 2, 2025 to April 1, 2026, evaluated by Project Management Agency (PMA) at Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur, Maharashtra, and approved by the Executive Committee (EC), with 20 entities cleared on March 30, 2026 and 38 on April 29, 2026.
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