National News

Capex Support Scheme for Critical Minerals

November 13 , 2026 17 hrs 0 min 25 0

The Union Cabinet approved the ₹2,814-crore Capital Expenditure (Capex) Support Scheme on to promote domestic processing of critical minerals.
The scheme will operate from 2026–27 to 2030–31 to reduce import dependence and strengthen domestic processing capacity.
It targets four processing plants: two lithium plants (minimum 30 kilotonnes each) and two nickel plants (minimum 50 kilotonnes each).
A capital subsidy of 30% of eligible investment will be provided, with maximum support of ₹500 crore per lithium beneficiary and ₹900 crore per nickel beneficiary.
Cobalt will also be recovered as a by-product of nickel processing.
The scheme supports sectors such as electric mobility, Battery Energy Storage Systems (BESS), electronics, defence and speciality steel.