Lifecycle
- Effective
- Last change
Country / jurisdiction: India · Year: 2026 · Status: In force · Level: National · Type: Voluntary
The Scheme aims to establish fully integrated domestic manufacturing ecosystem for rare-earth permanent magnets (REPMs) in India, from oxide feedstocks to end products. It has a budgetary outlay of INR 7 280 crore (~ 670 MEUR) and intends to create manufacturing capacity of 6 000 metric tonnes per annum (MTPA) of sintered REPMs.
The key features of the Scheme are listed below:
Beneficiaries : The manufacturing capacity of 6 000 MTPA will be allocated among 5 beneficiaries through bidding;
Incentives : The beneficiaries will receive sales-linked incentive of INR 6,450 crore (~ 590 MEUR) on the sale of sintered REPMs over 5 years (after a 2-year gestation period);
Capital Subsidy: The beneficiaries will receive capital subsidies of INR 750 crore (~ 70 MEUR) for setting up their manufacturing capacity;
Feedstock : Three lowest-bidding beneficiaries will receive an assured limited supply of rare-earth oxides from IREL (India) Ltd, a public sector undertaking.
Official source: https://heavyindustries.gov.in/sites/default/files/2025-12/scheme_notification_0.pdf
Source
https://www.iea.org/policies/31270Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.