Govt approves Rs 37,500-cr incentive to promote coal gasification projects

NEW DELHI: (May 13) The Union Cabinet on Wednesday approved a Rs 37,500-crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing dependence on forex-guzzling imports.

“An outlay of Rs 37,500 crore has been kept for this scheme, and there will be an investment of around Rs 3,000 lakh crore in this, and the projects will be put up for gasifying 75 million tonnes of coal,” Union Information & Broadcasting Minister Ashwini Vaishnaw said in a media briefing.

The decision was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.