Cabinet Clears ₹2,814 Cr Scheme To Boost Lithium & Nickel Processing
The Cabinet approved the Capex Support Scheme to Promote Critical Mineral Processing with funding from FY27 to FY31. The program will support four plants—two for lithium processing (minimum 30 kilo-tonnes capacity each, up to ₹500 crore support per beneficiary) and two for nickel processing (minimum 50 kilo-tonnes capacity each, up to ₹900 crore support per beneficiary). Beneficiaries receive 30% milestone-linked capital subsidies. The scheme focuses on processing raw minerals into high-purity compounds for downstream industries including electric mobility and battery energy storage systems, with cobalt recovered as a nickel production by-product.
Key points
- ₹2,814 crore scheme to build lithium and nickel processing plants over five years
- Provides 30% capital subsidies for eligible investments capped per beneficiary
- Targets critical mineral self-sufficiency for EV and battery storage industries
- Emphasizes domestic processing to retain value from raw materials
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