India Approves ₹17,314 Crore Cabinet Schemes for Critical Mineral Processing and Energy Storage

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The Union Cabinet has approved ₹2,814 crore for critical mineral processing plants (Lithium & Nickel) and ₹14,500 crore for 92 GWh grid-scale energy storage. Read full policy details.

Strengthening Domestic Supply Chains
The global market for critical minerals particularly lithium, nickel, and cobalt faces concentrated processing capacity. To protect domestic industries against supply disruptions, the Union Cabinet chaired by Prime Minister Narendra Modi approved targeted capex subsidies and financial support schemes over a five-year period (FY 2026–27 to FY 2030–31).

Main Event: Capex Support & Viability Gap Funding

1. Critical Mineral Processing Scheme (₹2,814 Crore)
Outlay: ₹2,814 crore.
Subsidy Rate: 30% capex support for four processing facilities (2 Lithium, 2 Nickel).
Financial Cap: ₹500 crore per lithium plant (min. 30,000 tonnes capacity) and ₹900 crore per nickel plant (min. 50,000 tonnes capacity).
Key Targets: Electric mobility, battery storage systems, electronics, and defense manufacturing.

2. Grid-Scale Energy Storage Scheme (₹14,500 Crore VGF)
Outlay: ₹14,500 crore Viability Gap Funding.
Capacity Goal: Deployment of 92 GWh grid-scale storage capacity.
Technologies Included: Battery Energy Storage Systems (BESS) and Pumped Storage Hydro Projects.
Economic Impact and Future Outlook
The twin initiatives are structured to mobilize nearly ₹1 lakh crore in private investment, build domestic value chains, and support grid stability as renewable capacity scales nationwide.

Frequently Asked Questions (FAQ)
Q1: What is the outlay for India's critical mineral processing scheme?
The Cabinet approved ₹2,814 crore over five years (FY 2026–27 to 2030–31) to provide 30% capex support for lithium and nickel processing facilities.
Q2: What is the target for the energy storage Viability Gap Funding (VGF) scheme?
The ₹14,500 crore VGF scheme targets the development of 92 GWh of grid-scale storage capacity across India.

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