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Cabinet Approves Rs 2,814-Crore Scheme For Critical Mineral Processing

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In short

A substantial sum of Rs 2,814 crore has received official clearance to support critical mineral processing capabilities. The administration has determined that the selection of beneficiaries would be carried out through a two-stage process. This multi-phase evaluation ensures that qualified recipients are systematically chosen to participate in the capital-backed undertaking.

Key points

  • Substantial financial backing of Rs 2,814 crore has been formally secured for critical mi…: Substantial financial backing of Rs 2,814 crore has been formally secured for critical minerals.
  • Processing facilities will undergo a two-stage selection mechanism to receive allocated b…: Processing facilities will undergo a two-stage selection mechanism to receive allocated benefits.
  • Official clearance sets the evaluation framework in motion for prospective industry benef…: Official clearance sets the evaluation framework in motion for prospective industry beneficiaries.

The selection of beneficiaries would be carried out through a two-stage process.

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