National Critical Mineral Mission
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News: The Union Cabinet has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs. 16,300 crores. 

About National Critical Mineral Mission 

National Critical Minerals Mission
Source- The Indian Express
  • It aims to intensify the exploration of critical minerals both within the country as well as in its offshore areas, creating a fast-track regulatory approval process for critical mineral mining projects. 
  • The mission adopts an inclusive approach by giving due attention to all stages of the value chain, including mineral exploration, mining, beneficiation, processing, and recovery from end-of-life products. 
  • It has provision for financial incentives for critical mineral exploration and promotes recovery of these minerals from overburden and tailings. 
  • It promotes research in critical mineral technologies by proposing the setting up of the Centre of Excellence on Critical Minerals. 
  • It encourages Indian PSUs and private sector companies to forge trade partnerships with resource rich countries to acquire critical mineral assets abroad. 
  • The mission is an attempt to reduce India’s reliance on import of critical minerals like lithium, boost domestic exploration and accelerate just energy transition. 
  • It will be implemented by the Ministry of Mines over seven years until 2030-31.

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