From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Cabinet approves $297 million incentive policy for critical minerals 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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left · 2 outlets
New Delhi: The Union Cabinet on Wednesday approved a capital expenditure support scheme to boost domestic processing of critical minerals lithium and nickel, with a total outlay of Rs 2,814 crore over five years till 2030-31. The decision was taken at a meeting chaired by Prime Minister Narendra…
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center · 5 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
