Cabinet to Discuss Support for Critical Mineral Plants
The Union Cabinet is set to discuss capital support for processing critical minerals, along with viability gap funding for grid-scale renewable energy storage. The Hindu reported earlier that the potential scheme could provide support of about 30% for setting up these processing plants. The scheme is still only a proposal at this stage.
Context
Context: Critical minerals such as lithium and cobalt are used in batteries and electronics, and India relies heavily on imports for many of them. Viability gap funding is a government top-up that helps projects that are not yet profitable on their own.
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