Mines Ministry announce ₹5,000 crore incentive scheme for states to spur blocks’ auction, operationalisation

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For operationalisation, that is, a State would person ₹250 crore for commencement of accumulation and dispatch astatine slightest 10% of the large mineral blocks auctioned till March 31, 2026. (Representational image) | Photo Credit: Getty Images/iStockphoto

Seeking to incentivise states towards ensuring that mines are placed faster for auctions, the Mines Ministry instituted an inducement strategy with an outlay of ₹5,000 crore for fiscal twelvemonth 2026-27.

Incorporated nether the Scheme for Special Assistance to States for Capital Investment (SASCI), it centres astir quicker operationalisation of mines, readiness successful placing mines for auction, governance and integration with the Ministry’s cardinal monitoring portal.

Published - April 24, 2026 08:44 p.m. IST

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