India's Cabinet Clears Four Mega Schemes Worth Over 25,473 Crore Rupees: Storage and Critical Minerals Lead
India's Union Cabinet, chaired by Prime Minister Narendra Modi, approved four major schemes on November 4 with a combined outlay of more than 25,473 crore rupees, spanning critical minerals, grid-scale energy storage, fast-track justice and national statistics.
The largest is a viability gap funding scheme of 14,500 crore rupees for grid-scale energy storage from fiscal 2026-27 to 2030-31, targeting 92 gigawatt-hours of new capacity. A capex support scheme of 2,814 crore rupees will fund domestic processing of materials such as lithium and cobalt, the building blocks of electric-vehicle batteries.
The Cabinet also extended the Fast Track Special Courts scheme, including exclusive POCSO courts, for five years to March 31, 2031, with 3,788 crore rupees covering 850 courts, and approved 4,371 crore rupees for VISTAR, a statistical transformation initiative. Union minister Ashwini Vaishnaw briefed the decisions after the meeting.
(Source: Press Information Bureau, India)
Source: Press Information Bureau, India
Published by GSM · USA (original Chinese edition)
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