Economy
Centre Allocates ₹2,814 Crore for Lithium and Nickel Processing Facilities
The Hindu2h
THE BRIEF
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The Union Cabinet approved a ₹2,814 crore scheme to establish domestic processing facilities for lithium and nickel.
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The five-year scheme aims to strengthen India's critical mineral ecosystem and reduce import dependence.
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A capital subsidy of 30% will be provided for four processing plants, capped at ₹500 crore for lithium and ₹900 crore for nickel projects.