The Minor Mineral Policy approved by the Andhra Pradesh Cabinet is expected to revive 2,000 non-operational units and benefit around 200,000 workers, according to the Federation of Minor Mineral Industry (FEMMI). The policy will enhance the sector’s contribution to the State’s Gross Domestic Product, shift to tonnage-based.
Seigniorage, eliminate multiple taxation, and allow installment-based premium payments, benefiting small operators and attracting new investment The Andhra Pradesh government has approved the Minor Mineral Policy 2025, aiming to rejuvenate over 2,000 dormant mining units across the state This policy introduces.
Key Highlights of the Policy
The policy extends lease periods to provide long-term stability significant reforms to attract investment, streamline operations, and enhance transparency in the mining Lease terms increased from 20 to 30 years sector for investors Lease terms extended from 15 to 30 years These extensions aim to offer long-term stability to.
Simplified Premium and Fee Structures
- To ease financial burdens on minerals like dolomite and slate leaseholders The lease premium has been reduced from 10 times to 5 times the dead rent, payable in easy The Consideration Amount, introduced in 2021 to offset pandemic-related expenditures, has been completely revoked, reducing the financial load on mining operators. installments For.
Revocation of Consideration Amount
The policy reintroduces application-based leases for granite and building materials, investors and industries relying on mineral resources while industrial minerals will be auctioned with a production-linked premium model. This dual approach ensures equitable access and encourages genuine participation A clear, tonnage-based.
Dual Approach to Lease Allocation
seigniorage fee structure has been introduced, with no additional burden on critical The policy is expected to Revive over 2,000 mining units, boosting employment and economic activity through streamlined fee structures and enhanced compliance by providing long-term lease stability and reducing financial barriers in lease more.
Strategic Initiatives
The Andhra Pradesh government has also introduced the Minor Mineral Auction Rules 2022, mandating the allocation of minor mineral resources through an e-auction system. This initiative aims to increase transparency, ensure competitive bidding, and boost revenue for the state limestone slabs, the premium is further.
The Minor Mineral Policy 2025 represents a comprehensive effort by the Andhra Pradesh government to revitalize the mining sector. By extending lease durations, simplifying financial obligations, and enhancing transparency, the policy aims to stimulate economic growth, attract investment, and ensure development.
In the state’s mining industry reduced to three times the dead rent allocations, fostering a more competitive and fair mining New Mining Policy to Revive 2,000 Units in Andhra Pradesh The Andhra Pradesh government has introduced the Minor Mineral Policy 2025, aiming to revitalize over 2,000 inactive mining units across.
Granite and industrial minerals: Lease terms extended from 20 to 30 years To Lease terms increased from 15 to 30 years provide long-term stability for investors the state. This policy seeks to streamline operations, attract investment, and enhance transparency in the mining sector These extensions aim to offer long-term stability.
- The lease premium has been reduced from 10 times to 5 times the dead rent, payable in easy installments To ease financial burdens on leaseholders For limestone slabs, the premium is further reduced to three times the dead rent. to investors industries relying on mineral resources. A clear, tonnage-based seigniorage fee structure has been introduced, with no.
Revocation of Consideration Amount
The Consideration Amount, introduced in 2021 to offset pandemic-related additional burden on critical minerals like dolomite and slate expenditures, has been completely revoked, reducing the financial load on mining operators The policy reintroduces application-based leases for granite and building materials, while.
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