Answer: National Critical Mineral Mission
Notes: The Union Cabinet approved a Rs.1,500 crore Incentive Scheme to recycle critical minerals from secondary sources. This scheme is part of the National Critical Mineral Mission (NCMM) to build domestic capacity and strengthen supply chain resilience. The scheme will run for six years from Financial Year (FY) 2025-26 to FY 2030-31. The total outlay of the scheme is Rs.1,500 crore. The scheme will benefit large recyclers, small recyclers and start-ups with one-third of the funds reserved for them. It will support investments in new units, expansion of capacity, modernization and diversification of existing units. The scheme will incentivize only those involved in actual extraction of critical minerals and not those doing only black mass production.
