From India TV
Right Owned by Independent News ServiceCabinet approves Rs 2,814-crore scheme to promote critical mineral processing
What's behind this
The Union Cabinet approved a ₹14,500‑crore viability gap funding (VGF) scheme to develop grid‑scale energy storage in India. The scheme targets the creation of 92 GWh of battery storage capacity nationwide and is planned to be implemented over five years, from the 2026‑27 to the 2030‑31 financial years. It is intended to support and strengthen the country’s energy storage capabilities.
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What each side is saying
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left · 3 outlets
From AI-powered data systems to lithium and nickel processing plants, the Centre has cleared two initiatives aimed at strengthening India's...
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center · 6 outlets
New Delhi, Nov 4: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a capex support scheme to promote critical mineral processing with a financial outlay of Rs 2,814 crore over a period of five years. The ‘Capex Support Scheme to Promote Critical Mineral Processing…
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right · 4 outlets
The maximum capital support will be capped at Rs 500 crore per lithium beneficiary and Rs 900 crore per nickel beneficiary, respectively, according to an official statement.
— NDTV
RSS excerpt
The government has approved a Rs 2,814 crore scheme to promote processing of critical minerals such as lithium and nickel. The Cabinet, chaired by Prime Minister Narendra Modi, took the decision along with several others. Information and Broadcasting Minister Ashwini Vaishnaw shared the information…
