India has taken an important step towards modernising its power sector with the Union Cabinet's approval of a ₹14,500-crore Viability Gap Funding (VGF) scheme to develop 92 GWh of grid-scale energy storage capacity. Announced by Union Minister Ashwini Vaishnaw on November 4, 2026, the initiative aims to strengthen electricity infrastructure, improve grid stability and support the country's growing renewable energy requirements. The scheme will be implemented over five financi