The government is preparing a national mission to incentivize production of sustainable steel in the country, as per media reports. The investment in the scheme is around INR 5,000 crore to support both primary and secondary producers, along with other support measures such as combination of concessional loans, risk guarantees and other financial instruments.
Sept 06, 2025
The government is readying a national mission to incentivize production of sustainable steel in the country as per a media report by Economic Times. This move is a part of the country’s effort to decarbonize the steel sector.
The investment in the scheme is likely to be around INR 5,000 crore to support both primary and secondary producers, along with support measures such as combination of concessional loans, risk guarantees and other financial instruments.
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The scheme is more specifically tailored for the secondary steel producers but primary producers will also tap the benefits of the scheme. The scheme is expected to launch in the next financial year after necessary approvals, ensuring the steel sector’s transition towards green technology.
