New Delhi, Sept. 3 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a Rs.1,500 crore incentive scheme aimed at accelerating India's recycling capacity for extracting and producing critical minerals from secondary sources.

The initiative, part of the National Critical Mineral Mission (NCMM), is designed to strengthen domestic capacity and reduce dependence on imports at a time when global supply chains face heightened vulnerabilities.

While greenfield mines and overseas acquisitions will take time to add to supplies, the government sees recycling as an immediate measure to bolster self-reliance in critical minerals.

The scheme, to run for six years from FY2025-26 to FY2030-31, will cover recycling of ...