Coal Ministry announces selected applicants under coal gasification incentive scheme
On 2 December 2024, in India, the Ministry of Coal announced the selected applicants under Categories I and III of the Financial Incentive Scheme for coal and lignite gasification.
Summary
On 2 December 2024, in India, the Ministry of Coal announced the selected applicants under Category I (government PSUs and their JVs) and Category III (demonstration and small-scale plants) of its Financial Incentive Scheme for coal/lignite gasification. Category I selections include Bharat Coal Gasification and Chemicals Limited and Coal India Limited (including for the CIL–GAIL consortium); New Era Cleantech Solution was selected under Category III. The scheme has an outlay of ₹8,500 crore and supports India's target of 100 million tonnes of coal gasification by 2030.
Key facts
- Date
- 2 Dec 2024
- Scheme outlay
- ₹8,500 crore
- Target
- 100 million tonnes of coal gasification by 2030
- Category I
- Bharat Coal Gasification and Chemicals Ltd; Coal India Ltd (incl. CIL–GAIL)
- Category III
- New Era Cleantech Solution Pvt Ltd
Practice MCQs 3 questions
What is the outlay of the Ministry of Coal's Financial Incentive Scheme for coal/lignite gasification, under which selected applicants were announced on 2 December 2024?
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Correct answer: B — ₹8,500 crore
PIB (2 Dec 2024): the Ministry of Coal launched the Financial Incentive Scheme with an outlay of ₹8,500 crore, approved by the Cabinet, for promotion of coal/lignite gasification projects.
By which year does India target 100 million tonnes of coal gasification, as cited by the Ministry of Coal on 2 December 2024?
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Correct answer: C — 2030
PIB (2 Dec 2024): the scheme is a crucial step towards India's target of 100 million tonnes of coal gasification by 2030.
Consider the following statements about the selections announced by the Ministry of Coal on 2 December 2024: 1. Bharat Coal Gasification and Chemicals Limited was selected under Category I. 2. New Era Cleantech Solution was selected under Category I. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (2 Dec 2024): Bharat Coal Gasification and Chemicals Limited is listed under Category I (government PSUs/JVs), so statement 1 is correct. New Era Cleantech Solution was selected under Category III (demonstration/small-scale plants), so statement 2 is wrong. Answer: 1 only.