How are beneficiaries selected under the Capex Support Scheme to Promote Critical Mineral Processing?
- A.By lottery among all applicants
- B.Technical qualification followed by financial bidding, on the least-cost criterion
- C.First-come, first-served registration on a portal
- D.Nomination by the respective State governments
Correct answer
Explanation
The correct answer is technical qualification followed by financial bidding, on the least-cost criterion. Selection runs in two stages. In the first, applications are examined for technical qualification, and only applicants who clear that stage may take part in the second stage of financial bidding. For each of the two minerals, two beneficiaries are then chosen on the least-cost test, that is the lowest capital support sought by a bidder under the scheme. The incentive is disbursed in three tranches, each released when a specified milestone is achieved. Option A is wrong because no lottery is involved; the design is deliberately competitive so that public money buys the most capacity. Option C is wrong because mere registration confers no entitlement. Option D is wrong because the Ministry of Mines runs the selection centrally, not through State nominations.
Read the full article: Cabinet Clears Rs 2,814 Crore Critical Mineral Capex Scheme
Practice Questions
What is the total financial outlay of the Capex Support Scheme to Promote Critical Mineral Processing approved by the Union Cabinet?
- A.Rs 1,814 crore
- B.Rs 2,814 crore
- C.Rs 3,814 crore
- D.Rs 4,814 crore
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The Union Cabinet, chaired by the Prime Minister, approved the Capex Support Scheme to Promote Critical Mineral Processing with exactly this outlay, spread across five years from FY 2026-27 to FY 2030-31.
Read the full explanation →Under the scheme, what is the minimum capacity prescribed for each nickel processing plant?
- A.30 kt
- B.40 kt
- C.50 kt
- D.60 kt
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The scheme funds four critical mineral processing plants in all. Two of them process nickel and each must have a minimum capacity of 50 kt, while the other two process lithium and each must have a minimum capacity of 30 kt.
Read the full explanation →As stated at the launch, the population of India aged 60 years and above is projected to reach what level by 2036?
- A.15 crore
- B.19 crore
- C.23 crore
- D.30 crore
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The Minister said that the number of people aged sixty and above in the country is projected to grow from roughly ten crore at the time of the last census year he cited to this figure by the middle of the next decade, and he used the projection to explain…
Read the full explanation →Which of the following is NOT one of the five Cs of the Vayo Samman Rashtriya Abhiyan?
- A.Connect
- B.Converse
- C.Celebrate
- D.Contribute
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The campaign is built on five words beginning with the letter C, namely Connect, Converse, Co-create, Contribute and Continue, so options A, B and D are all genuine parts of it and cannot be the answer.
Read the full explanation →The Vayo Samman Rashtriya Abhiyan has been launched under which umbrella scheme?
- A.Atal Vayo Abhyuday Yojana
- B.Atal Pension Yojana
- C.Rashtriya Vayoshri Yojana
- D.Integrated Programme for Older Persons
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The campaign for intergenerational bonding was launched under this umbrella scheme of the Ministry of Social Justice and Empowerment, and the Union Minister described it as a meeting of the experience of elders and the energy of the young.
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