ENA Sectors 2026-04-24 15:59:41 <p><span style="font-size:14px"><strong>New Delhi, Apr 24 (KNN)</strong> The Ministry of Mines has introduced financial incentives for states to undertake mining sector reforms under the Scheme for Special Assistance to States for Capital Investment (SASCI) for FY 2026 27, with a total outlay of Rs 5,000 crore.</span></p> <p><span style="font-size:14px">The initiative aims to accelerate mine operationalisation, boost mineral production, enhance state revenues, and strengthen governance in the mining sector. Operational guidelines for this component have been issued, positioning it as a key policy tool to drive reform-oriented outcomes across states and Union Territories with legislatures.</span></p> <p><span style="font-size:14px">Under the scheme, incentives will be provided across three key reform areas. The first focuses on implementation of structural mining reforms, including integration with the Unified Mining Portal, establishment of Pre-Auction and State-level Coordination Committees, adherence to annual auction calendars, and adoption of technology to prevent mineral grade misclassification.</span></p> <p><span style="font-size:14px"> States completing all specified actions by December 15, 2026, will be eligible for Rs100 crore.</span></p> <p><span style="font-size:14px">The second component incentivises mine operationalisation, offering up to Rs20 crore per successfully auctioned mineral block with pre-embedded clearances, subject to a cap of Rs 200 crore per state.</span></p> <p><span style="font-size:14px"> Additional incentives of up to Rs 250 crore will be provided for operationalising at least 10Percent of blocks auctioned prior to March 31, 2026.</span></p> <p><span style="font-size:14px">The third component is linked to performance under the State Mining Readiness Index (SMRI) 2026 27, where the top three states in each category will receive financial rewards ranging from Rs 50 crore to Rs 100 crore.</span></p> <p><span style="font-size:14px">The scheme builds on the previous years framework and is expected to further strengthen the mining ecosystem by encouraging transparency, efficiency, and faster project execution across states.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 45914 https://knnindia.co.in/news/newsdetails/sectors/centre-launches-rs-5k-crore-scheme-to-push-states-for-mining-sector-reforms 2026-04-24 15:59:41 knnindia.co.in