Cabinet Greenlights ₹37,500 Crore Incentive Package for Coal Gasification Projects
The scheme provides a financial incentive of up to 20% of the plant and machinery cost, disbursed in four installments based on project milestones.
The primary goal is to gasify 100 million tonnes (MT) of coal by 2030 to reduce the import of expensive chemicals and fuels like methanol and ammonia.
This initiative aims to transform coal into synthesis gas (syngas), which serves as a critical raw material for the production of urea and synthetic natural gas (SNG).
By transitioning to 'coal-to-chemical' ecosystems, the government seeks to improve domestic energy security and stabilize the trade balance.
Key Facts / Static GK
Syngas: A mixture primarily containing Hydrogen and Carbon Monoxide.
India holds one of the world's largest coal reserves (~344 billion tonnes).
Practice Quiz — 15 May 2026
Q1. Regarding the RBI's recent relaxation of CET1 capital norms, consider the following statements: I. Banks can include quarterly profits in CET1 capital without any audit requirements. II. The relaxation applies to Payments Banks and Small Finance Banks. III. Regional Rural Banks (RRBs) are included in this new framework.
Q2. What is the targeted volume of coal gasification set by the Government of India to be achieved by the year 2030?
Q3. What is the primary reason for the removal of the CSR obligation for companies participating in the revamped PM Internship Scheme 2026?
Q4. Which of the following conditions allows for an exemption from the sugar export ban effective May 2026? I. Shipments already handed over to customs before the notification. II. Exports of refined sugar to any neighboring country. III. Exports where loading began before 13 May 2026.
Q5. India recently tested the MIRV-enabled Agni missile. Which of the following countries is NOT part of the elite group that already possesses MIRV technology?
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.