Sintered REPM Manufacturing Scheme: ₹7,280 Crore Outlay
Why in the news
Cabinet approved a pioneering programme for home-grown production of strong rare earth magnets, cutting import reliance.
Key facts
| Parameter | Detail |
|---|---|
| Total outlay | ₹7,280 crore |
| Sales-linked incentives | ₹6,450 crore, five years |
| Capital subsidy | ₹750 crore |
| Capacity target | 6,000 MTPA; up to 1,200 MTPA each, via global bidding |
| Tenure | Seven years: 2 for setup, 5 for payouts |
Significance
- REPMs power EVs, renewables, electronics, aerospace and defence.
- Covers the chain: oxides, metals, alloys, magnets.
Exam angle
- Approved by the Union Cabinet.