The licence holders are required to repay the amount once mineral production begins.
The Scheme for Partial Reimbursement of Exploration Expenses for Holders of Exploration Licences (EL), launched on June 24, offers a 50 per cent reimbursement on expenses incurred during the exploration of critical minerals, with a maximum cap of ₹20 crore.
According to the scheme guidelines, the maximum cap can be increased to 24 crore if the exploration licence holder hands over a G2 (general exploration) block for auction for the grant of a mining lease within three years from the execution of the exploration licence and it is successfully auctioned.
Bu hikaye Business Standard dergisinin June 28, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin June 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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