Scheme for Special Assistance to States for Capital Investment

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Scheme for Special Assistance to States for Capital Investment

Schemes
Scheme for Special Assistance to States for Capital Investment

The Ministry of Mines has instituted a ₹5,000 crore incentive scheme under the Scheme for Special Assistance to States for Capital Investment for FY 2026–27. The scheme is currently relevant for mining reforms, mine operationalisation, and state-level governance improvements.

Scheme for Special Assistance to States for Capital Investment:

Dimension Key Details
Objective The incentive scheme provides for mine operationalisation, increased mineral production, enhanced revenue collection by States, and improved mining sector governance.
Reform Areas The incentive scheme applies to implementation of mining reforms, mine operationalisation, and State Mining Readiness Index based reforms.
Scheme Type SASCI is a Central Sector Scheme.
Nodal Ministry The Ministry of Finance is the nodal ministry for SASCI.
Aim SASCI provides financial assistance to State Governments in the form of a 50-year interest-free loan for capital expenditure.
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Q 1 / 3

With reference to SASCI, consider the following statements:

1. SASCI is a Central Sector Scheme.
2. The Ministry of Finance is the nodal ministry for SASCI.

Which of the statements given above are correct?