Capex Support Scheme for Critical Mineral Processing
iasparliament
November 05, 2026
Prelims: Current events of National and International Importance
Why in News?
Recently the Cabinet Approved Capex Support Scheme for Critical Mineral Processing
Financial Outlay– ₹2,814 crore.
Duration– 5 years.
Objective– Promote domestic processing facilities for critical minerals through targeted capital expenditure (Capex) support.
Need for the Scheme
Global processing of critical minerals is concentrated in a few countries.
Creates vulnerability to geopolitical disruptions and supply restrictions.
Exposes industries to price volatility and supply-chain uncertainties.
Threatens national security, economic sovereignty and decarbonisation targets.
Key Objectives
Establish and operationalise domestic critical mineral processing facilities.
Reduce dependence on foreign processing hubs.
Strengthen resilient and diversified supply chains.
Support India's clean energy transition and strategic industries.
Significance– Enhances India's mineral security, promotes self-reliance and supports the development of domestic manufacturing and clean energy industries.
