₹2,814 Crore Critical Mineral Processing Scheme 2026 | Lithium & Nickel Plants | Union Cabinet

The Union Cabinet approved a ₹2,814-crore Capex Support Scheme to Promote Critical Mineral Processing on 4 November 2026. The initiative aims to establish domestic processing facilities for critical minerals, reduce India’s dependence on imports and strengthen the country’s mineral supply chain.

Current Affairs MCQ:

Question: In November 2026, the Union Cabinet approved a ₹2,814-crore Capex Support Scheme to establish four domestic processing plants and reduce import dependence for which two critical minerals?

Correct Answer: Lithium and Nickel

Important Information:

Scheme: Capex Support Scheme to Promote Critical Mineral Processing.

Approved by: Union Cabinet.

Approval Date: 4 November 2026.

Total Financial Outlay: ₹2,814 crore.

Implementation Period: FY 2026–27 to FY 2030–31.

Nodal Ministry: Ministry of Mines.

Capital Subsidy: 30% of eligible investment.

Four Processing Plants:

Two lithium processing plants, each with a minimum capacity of 30 kilotonnes.

Two nickel processing plants, each with a minimum capacity of 50 kilotonnes.

Financial Support:

Lithium: Maximum ₹500 crore per beneficiary.

Nickel: Maximum ₹900 crore per beneficiary.

Total: Four beneficiaries will be selected through a competitive two-stage process.

Important Note About Cobalt:

The scheme specifically targets lithium and nickel processing. However, cobalt is expected to be recovered as a by-product of nickel production.

Therefore, the correct answer to this MCQ is Lithium and Nickel, not Lithium and Cobalt.

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