Team Goemkarponn
PANAJI: In a major boost to Goa’s mining sector, the Government of India has recommended the release of ₹400 crore to the state under the Scheme for Special Assistance to States for Capital Investment (SASCI) 2025–26, recognising Goa’s achievements in mining reforms and operationalisation.
According to an Office Memorandum issued by the Ministry of Mines on October 31, 2025, Goa has been recommended for ₹300 crore under Component II (Mine Operationalisation) for meeting the target of operationalising two auctioned mining blocks during the current financial year. The state will also receive an additional ₹100 crore under Component III (State Mining Readiness Index-based Reforms), where Goa ranked Category B, Rank 1.
The Ministry stated that the incentives were recommended after examining proposals from various states under three components — Minor Mineral Reforms, Major Mineral Reforms, and State Mining Readiness Index-based Reforms — as part of the mining sector reforms framework.
Other states, including Andhra Pradesh, Punjab, Rajasthan, Gujarat, Assam, and Tripura, were also recommended for incentives ranging from ₹100 to ₹300 crore based on their performance parameters.
All eligible states have certified that they are not imposing any state-level taxes in the mining sector, in line with the scheme’s guidelines. The Ministry of Mines has requested the Department of Expenditure to release the incentive amounts to the respective states.
Chief Minister Pramod Sawant expressed his gratitude to Prime Minister Narendra Modi, Union Minister of Mines G. Kishan Reddy, and the Ministry of Mines for extending the support to Goa.
“I extend my gratitude to Prime Minister Narendra Modi, Union Minister of Mines G. Kishan Reddy, and the Ministry of Mines for releasing ₹400 crore under the Special Assistance to States for Capital Investment 2025–26 for Goa. The assistance was extended for meeting the target of operationalising two mining blocks in the state in 2025–26. The Government of Goa carried out a transparent process of auctioning mining blocks and provided all necessary support to revive and operationalise the sector. This will give a strong boost to Goa’s mining industry, employment, and overall economy, paving the way for sustainable and responsible growth,” the Chief Minister said.
The recognition marks a significant milestone in Goa’s efforts to revive its mining industry, which has long been a crucial pillar of the state’s economy.
The incentive is expected to further accelerate reforms, enhance transparency, and strengthen sustainable mining operations in the state.
