Cabinet Clears Rs 2,814-Crore Scheme to Boost Critical Mineral Processing

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The Union Cabinet has approved a Rs 2,814-crore scheme aimed at strengthening the processing of critical minerals in the country. Under the scheme, capital support is capped at Rs 500 crore for each lithium beneficiary and Rs 900 crore for each nickel beneficiary. According to an official government statement, these limits define the maximum financial assistance available to eligible projects. The initiative is intended to build domestic capacity in minerals essential to sectors such as batteries and clean energy. Further details on beneficiary selection and implementation were not included in the available information.

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