The auction process of six to eight mining blocks in Goa will take place by December 15, 2021, through the State Bank of India under the mining corporation, Chief Minister Pramod Sawant said on Wednesday. November 24.
Addressing the media post the cabinet meeting in Porvorim, Sawant said, "The exploration of the mining blocs has been done by Mineral Exploration Corporation Limited (MECL) a Govt of India undertaking. The auction will be done through State Bank of India."
In other cabinet decisions, the Chief Minister announced that a new house building scheme for government employees will be introduced with a loan of two per cent interest rate. The Economic Development Corporation (EDC) will collaborate with a bank to introduce the revised scheme. There are 1400 existing borrowers and there are 45 new applications from govt servants.
Earlier, the bank used to charge the govt an interest rate of 6.5 per cent, where govt would bear 5 per cent interest and extend the loan to govt servants at a 2 per cent interest rate.
The Cabinet also decided to bring the NRI Commission under the Home Department. "The status of the Commission will be the same, but by putting the NRI Commission under the Home Department, work will be done faster," Sawant said.