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      Question

      How much investment has the Union Cabinet approved for

      India’s Rare Earth Permanent Magnets (REPM) manufacturing scheme? 
      A ₹4,500 crore Correct Answer Incorrect Answer
      B ₹6,000 crore Correct Answer Incorrect Answer
      C ₹7,280 crore Correct Answer Incorrect Answer
      D ₹8,750 crore Correct Answer Incorrect Answer
      E ₹9,200 crore Correct Answer Incorrect Answer

      Solution

      The Cabinet has approved a ₹7,280 crore scheme to establish integrated manufacturing capacity of Rare Earth Permanent Magnets (REPM) in India. This includes ₹6,450 crore in incentives and ₹750 crore as capital subsidy.  

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