Boost To Karnataka's Mining Industry: State Govt To Soon Introduce New Mineral Policy For 2021-26

In a bid to give a thrust to the state's mineral economy, Karnataka is set to unveil a new mineral policy for the span from 2021-26 in line with the Centre's National Mineral Policy, reports Economic Times.

Announcing the development on Monday (8 March), State's Chief Minister (CM) B S Yediyurappa said that a mineral policy had been implemented by the state government in 2008, and now it plans to introduce the policy with new reforms.

Presenting the State Budget proposals for 2021-22 in the state Assembly, CM Yediyurappa said that the new mineral policy would include the introduction of a single-window clearance system to dispose the applications for grant of mining/quarry lease and crusher licence in a time-bound manner.

CM Yediyurappa also added, "Mining adalats will be started at four revenue divisions in the state under a single-window scheme. This will help address the grievances of people and speedy disposal of pending applications to start business."

He also said that the Mines and Geology Department is already working on the policy and it would be introduced soon.