{"id":75283,"date":"2025-11-27T13:49:44","date_gmt":"2025-11-27T08:19:44","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=75283"},"modified":"2025-11-27T15:41:19","modified_gmt":"2025-11-27T10:11:19","slug":"scheme-to-promote-manufacturing-of-sintered-rare-earth-permanent-magnets","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/scheme-to-promote-manufacturing-of-sintered-rare-earth-permanent-magnets\/","title":{"rendered":"Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets"},"content":{"rendered":"<h2><b>Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Union Cabinet approved the &#8216;Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets&#8217; with a financial outlay of Rs.7280 crore.<\/span><\/p>\n<h2><b>About Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It aims to <\/span><b>establish 6,000 Metric Tons per Annum<\/b><span style=\"font-weight: 400;\"> (MTPA) of integrated Rare Earth Permanent Magnet (REPM) <\/span><b>manufacturing in India.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It will support the creation of <\/span><b>integrated REPM manufacturing facilities<\/b><span style=\"font-weight: 400;\">, involving conversion of rare earth oxides to metals, metals to alloys, and alloys to finished REPMs.<\/span><\/li>\n<\/ul>\n<h2><b>Features of<\/b> <b>Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total financial outlay:<\/b><span style=\"font-weight: 400;\"> Rs. 7,280 crore<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Sales-linked incentives: Rs. 6,450 crore (5 years)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Capital subsidy: Rs. 750 crore<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Capacity allocation:<\/b><span style=\"font-weight: 400;\"> 6,000 MTPA to 5 beneficiaries (up to 1,200 MTPA each) via global competitive bidding process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Duration<\/b><span style=\"font-weight: 400;\">: <\/span><b>7 years<\/b><span style=\"font-weight: 400;\"> (2 years for setting up an integrated REPM manufacturing facility + 5 years incentive disbursement on the sale of REPM.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With this initiative, India will establish its <\/span><b>first ever integrated REPM<\/b><span style=\"font-weight: 400;\"> manufacturing facilities in India.<\/span><\/li>\n<\/ul>\n<h3><b>\u00a0What are Rare Earth Magnets?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These are a type of <\/span><b>permanent magnet<\/b><span style=\"font-weight: 400;\"> made from <\/span><b>alloys of <a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/rare-earth-elements\/\" target=\"_blank\">rare earth elements<\/a>.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Properties:<\/b><span style=\"font-weight: 400;\"> Exceptional magnetic strength, <\/span><b>high energy density<\/b><span style=\"font-weight: 400;\">, and superior performance compared to other types of magnets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Types:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Neodymium<\/b><span style=\"font-weight: 400;\"> (Nd-Fe-B) and <\/span><b>Samarium Cobalt<\/b><span style=\"font-weight: 400;\"> (SmCo) are the two most common types of rare earth magnet materials. Both types are extremely strong.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Neo magnets are composed primarily of <\/span><b>neodymium, boron and iron,<\/b><span style=\"font-weight: 400;\"> and samarium cobalt is composed of <\/span><b>samarium and cobalt.<\/b><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Applications:<\/b><span style=\"font-weight: 400;\"> These are used in electric vehicles, <\/span><b>renewable energy, electronics, aerospace<\/b><span style=\"font-weight: 400;\">, and <\/span><b>defence applications.<\/b><\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2194684\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets aims to establish 6,000 Metric Tons per Annum (MTPA) of integrated Rare Earth Permanent Magnet manufacturing in India. Read more about Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, Features, News.<\/p>\n","protected":false},"author":24,"featured_media":75345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3906],"class_list":{"0":"post-75283","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-scheme-to-promote-manufacturing-of-sintered-rare-earth-permanent-magnets","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/75283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=75283"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/75283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/75345"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=75283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=75283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=75283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}