What are the financial incentives planned by the government for the development of critical minerals

Government plans to provide financial incentives for development of critical minerals

The government's planned financial incentives for the development of critical minerals include:

Tax incentives and credits for companies investing in exploration and development of critical minerals.
Grants or subsidies to support research and development projects focused on improving extraction and processing techniques for critical minerals.
Loan guarantees to encourage private sector investment in critical mineral projects.
Funding for infrastructure projects such as roads and power supply to facilitate the extraction and transport of critical minerals.
Public-private partnerships to share the risks and costs associated with critical mineral development.

These financial incentives are designed to stimulate domestic production of critical minerals and reduce dependence on foreign imports.

Answered 8 months ago

Rahul Preparing for Civil Services