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Mines Ministry announce ₹5,000 crore incentive scheme for states to spur blocks’ auction, operationalisation – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
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Mines Ministry announce ₹5,000 crore incentive scheme for states to spur blocks’ auction, operationalisation

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

For operationalisation, that is, a State would receive ₹250 crore for commencement of production and dispatch at least 10% of the major 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 incentive scheme with an outlay of ₹5,000 crore for financial year 2026-27.

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

Published – April 24, 2026 08:44 pm IST

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