The decision was taken at a Union Cabinet meeting under the chairmanship of PM Modi.
Centre Approves Rs 2,814-Crore Scheme To Promote Lithium, Nickel Processing
In short
The central government has allocated substantial financial resources to boost domestic critical mineral processing capacities across the country. During a Union Cabinet meeting chaired by Prime Minister Narendra Modi, authorities approved a dedicated scheme valued at Rs 2,814 crore. This initiative directly targets the processing sectors for both lithium and nickel resources. The official clearance ensures targeted financial backing is delivered through a formal government-supported framework.
Key points
- Government funding will actively target and advance the domestic processing of nickel res…: Government funding will actively target and advance the domestic processing of nickel resources.
- Financial capital totaling Rs 2,814 crore is officially cleared for designated critical m…: Financial capital totaling Rs 2,814 crore is officially cleared for designated critical mineral development.
- Cabinet-level clearance confirms high-level executive backing for lithium processing supp…: Cabinet-level clearance confirms high-level executive backing for lithium processing support across the country.