✎ 37,500 Cr scheme aims to fast-track coal/lignite gasification for high-value products to enhance energy security.
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Union Cabinet approved a ₹37,500 crore scheme on 13 May 2026 to accelerate coal/lignite gasification in India, aiming to convert domestic coal into syngas, methanol, ammonia and urea to reduce import dependence and bolster energy security. The Ministry of Coal subsequently launched stakeholder engagement campaigns—road shows in Delhi, Hyderabad and Mumbai—followed by an online portal on 7 July 2026 for project proposals, with a first-window deadline of 7 September 2026. Reports claiming “no applications received” are premature, as the portal remains open and the ministry has already recorded submissions from Talcher Fertilizers Ltd and NTPC Ltd; additional proposals are expected as the deadline approaches.
For banking and SSC aspirants, this scheme is relevant as a flagship government initiative that combines public finance (₹37,500 crore outlay), sectoral policy (energy transition) and implementation architecture (continuous application windows), all of which are frequently tested in exams. RBI Grade B candidates should note how such centrally sponsored schemes influence macroeconomic indicators—capital expenditure, employment generation (50,000 jobs) and import substitution—linking governance to economic outcomes that can appear in monetary policy or financial stability reports.
Source: PIB (Press Information Bureau)
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