Union Cabinet sanctions two thousand eight hundred fourteen crore rupee scheme for mineral processing

The Union Cabinet has sanctioned a capital expenditure support scheme worth ₹2,814 crore aimed at promoting critical mineral processing and reinforcing India's critical mineral ecosystem. The funding program will be administered across a five-year duration, spanning from financial year 2026-27 to financial year 2030-31. Capital expenditure (capex) support schemes involve direct government financial assistance directed toward building heavy industrial infrastructure, processing plants, and technological facilities.

By co-funding capital-intensive processing units, public policy encourages private sector participation in strategic sectors, moving the industry from raw mineral extraction toward value-added domestic refining. Corporate finance professionals, mining companies, and investors should review the operational guidelines and eligibility parameters of the new capex scheme. Businesses must prepare project proposals and compliance documentation to access the allocated funds between FY 2026-27 and FY 2030-31.

Bottom line: targeted government capital support can accelerate domestic processing capabilities and reduce strategic import dependencies.