भारत ने दुर्लभ पृथ्वी स्थायी चुम्बकों के उत्पादन को बढ़ाने के लिए योजना को मंजूरी दी

India has approved a new scheme to enhance the production of Rare Earth Permanent Magnets (REPMs). This initiative is crucial for UPSC aspirants as it ties into General Studies Paper 3, focusing on economic development and technology. Last Updated: 2025-12-29.

Key Facts About India’s Scheme to Enhance Production of Rare Earth Permanent Magnets

• India's new scheme focuses on building a facility for Rare Earth Permanent Magnets.
• Implementation spans seven years with a two-year gestation period.
• Supports up to five beneficiaries with a capacity of 1,200 MTPA.
• Offers ₹6,450 crore in sales-linked incentives.
• Includes a ₹750 crore capital subsidy.
• India currently relies on imports for 60-90% of permanent magnets.
• Demand for REPMs is expected to double by 2030.
• India has a resource base of 13.15 million tonnes of monazite.
• Monazite contains 7.23 million tonnes of rare-earth oxides.
• REPMs are crucial for electric vehicles, wind turbines, and aerospace.

India's Strategic Push for Rare Earth Magnets

The enhancement of Rare Earth Permanent Magnets production is significant for India's strategic and economic goals. It aligns with the National Critical Minerals Mission (NCMM) 2025, aiming to reduce dependency on imports and bolster domestic capabilities. Globally, India is participating in initiatives like the Minerals Security Partnership (MSP) to secure mineral resources, reflecting its commitment to becoming a leader in sustainable technology and manufacturing.

Related Government Schemes/Policies

• National Critical Minerals Mission (NCMM) 2025: Supports the development of critical minerals.
• MMDR Act 2023: Enables private sector participation in mineral exploration.
• KABIL: Strengthens overseas mineral access.
• Global Mineral Security Initiatives: Ensures global mineral supply chain security.

UPSC Relevance

• GS Paper 3: Economic Development, Technology, and Environment.
• Prelims Angle: Questions on the scheme's financial details, implementation period, and India's mineral resources.
• Mains Angle: Analytical themes on India's strategic mineral policies, import dependency reduction, and technological advancements.
• Essay Paper: Topics on sustainable development and technological self-reliance.

FAQ Section

• What is the scheme to enhance production of Rare Earth Permanent Magnets? The scheme aims to establish a facility covering the entire value chain from rare-earth oxides to finished magnets, implemented over seven years with significant financial incentives.
• Why is the production of Rare Earth Permanent Magnets important? REPMs are crucial for industries like electric vehicles, wind turbines, and aerospace, and reducing import dependency aligns with India's strategic and economic goals.
• What are the key features of the scheme? The scheme includes a ₹6,450 crore sales-linked incentive, a ₹750 crore capital subsidy, and supports up to five beneficiaries with a capacity of 1,200 MTPA.