PANAJI
The Central government has released Rs 400cr to Goa for meeting the target of operationalisation of two iron ore mineral blocks in the current financial year.
The money has been released under the Special Assistance to States for Capital Investment 2025–26 (Reforms) initiative.
Chief Minister Pramod Sawant said that the funds released by the Ministry of Mines aim to support the state in achieving its target of operationalising two mining blocks during the fiscal year 2025–26.
Of the total Rs 400cr, Rs 300cr was released for achieving the target of operationalizing mineral blocks while another Rs 100cr is for being top performer in category B in the (SMRI) and state rankings.
Expressing gratitude to Prime Minister Narendra Modi, Union Minister Kishan Reddy, and the Ministry of Mines, Sawant highlighted that a transparent auction process was undertaken to allocate the mining blocks.
"The assistance extended for Meeting the Target of Operationalizing 2 Mining Blocks in the State in Year 2025-26. The Govt of Goa carried out Transparent process of Auction of Blocks and extended all the support to revive, operationalize Mining in the state," Sawant posted on X.
Sawant said that the assistance will give a strong boost to Goa’s mining sector, employment, and overall economy, paving the way for sustainable and responsible growth.
So far, total 12 mineral blocks have been auctioned of which three have commenced operations.
