← 8 November 2026's Current Affairs · Economy GS-3 Prelims ★★★★★ Mains ★★★★★
Cabinet clears ₹2,814 crore capex support scheme for domestic critical mineral processing
ಸುದ್ದಿಯಲ್ಲಿ ಏಕೆ?
₹2,814 crore to stop importing processed lithium and nickel: the Mines Ministry scheme GS3 tests
A ₹2,814 crore Mines Ministry scheme will back domestic critical mineral processing capacity till FY 2030-31.
Why it matters: asked in UPSC 2025; GS-3 core; factual, Prelims-type
What you need to know
2 ನಿಮಿಷ
The Union Cabinet approved a ₹2,814 crore scheme under the Ministry of Mines to promote domestic processing of critical minerals over FY 2026-27 to FY 2030-31.
Minerals such as lithium and nickel feed electronics, defence equipment and electric vehicles, and India imports most of its processed supply.
Capital expenditure support is meant to build refining capacity at home and cut import dependence.
ಮೂಲಗಳು: Topper IAS editorial (PIB / The Hindu / Indian Express)
ಮುಖ್ಯ ಅಂಶಗಳು
Remember these
- Union Cabinet approved a ₹2,814 crore scheme under the Ministry of Mines
- Scheme period: FY 2026-27 to FY 2030-31
- Aim: promote domestic processing and refining of critical minerals such as lithium and nickel
- Support is through capital expenditure (capex) assistance
- Critical minerals feed electronics, defence equipment and electric vehicles; India imports most of its processed supply
ಪ್ರಿಲಿಮ್ಸ್ · ಮೇನ್ಸ್
How the exam will ask it
ಪ್ರಿಲಿಮ್ಸ್
- The scheme to promote domestic critical mineral processing is administered by the Ministry of Mines.
- It provides capital expenditure support to build refining and processing capacity within India.
- Lithium and nickel are among the critical minerals used in electronics, defence equipment and electric vehicles.
ಮೇನ್ಸ್
GS Paper 3 (Economy, mining and industry). Issue: India imports most of its processed critical minerals despite rising demand from EVs, electronics and defence. Policy: a ₹2,814 crore Mines Ministry capex support scheme for FY 2026-27 to FY 2030-31 to build domestic refining capacity. Implication: lower import dependence and stronger supply-chain security; way forward is to pair processing support with exploration, overseas asset acquisition, recycling and environmental safeguards.
PYQ connection
A question UPSC has already asked on this
Consider the following statements: I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals. Which of the statements given above are correct?
- I and II only
- II and III only
- I and III only
- I, II and III
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: C
Why this matters: today's issue is directly connected to a concept UPSC has already tested. Read the story with this question in mind.
Practise this PYQ →Quick recall
Answer before you reveal
FY 2026-27ರಿಂದ 2030-31ರ ಅವಧಿಗೆ ದೇಶೀಯ ಪ್ರಮುಖ ಖನಿಜ ಸಂಸ್ಕರಣೆಗಾಗಿ ಅನುಮೋದಿಸಲಾದ ₹2,814 ಕೋಟಿಯ ಬಂಡವಾಳ ವೆಚ್ಚ ಬೆಂಬಲ ಯೋಜನೆಯು ಯಾವ ಕೇಂದ್ರ ಸಚಿವಾಲಯದ ಅಡಿಯಲ್ಲಿದೆ?
- ವಾಣಿಜ್ಯ ಮತ್ತು ಕೈಗಾರಿಕಾ ಸಚಿವಾಲಯ
- ಭಾರೀ ಕೈಗಾರಿಕಾ ಸಚಿವಾಲಯ
- ನವೀಕರಿಸಬಹುದಾದ ಇಂಧನ ಸಚಿವಾಲಯ
- ಗಣಿ ಸಚಿವಾಲಯ
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: D — ಸರಿಯಾದ ಉತ್ತರ: ಗಣಿ ಸಚಿವಾಲಯ — ಇದು ಗಣಿ ಸಚಿವಾಲಯದ ಯೋಜನೆ.
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