Rs 37.5k crore coal gasification plan cleared with tight caps on incentives and milestones

Only 20% support upfront but payouts are split

India has cleared a Rs 37.5k crore coal gasification scheme aimed at boosting energy security. Support to developers will cover up to 20% of plant and machinery costs via competitive bidding, with incentives released in four equal, milestone-linked instalments. The scheme also sets strict ceilings: Rs 5,000 crore per project, Rs 9,000 crore per product (with exceptions), and Rs 12,000 crore per entity group.