Minerals

The upcoming FY27 Union Budget is set to prioritize micro, small, and medium enterprises (MSMEs) by bolstering export support and enhancing competitiveness in global markets. Alongside, the government plans to allocate dedicated funds for critical minerals, reflecting a strategic push for self-reliance in key sectors like energy, electronics, and defense. Analysts anticipate incentives for MSMEs, including easier credit, export subsidies, and technological support, while the mineral funding aims to secure domestic supply chains and reduce import dependence.

Chhattisgarh aims to achieve a record mineral revenue target in FY26, reflecting the state’s strategic focus on leveraging its rich natural resource base. The government plans to bolster extraction, enhance regulatory compliance, and attract private investment in mining and allied sectors. With significant reserves of coal, iron ore, bauxite, and limestone, Chhattisgarh is positioning itself as a key contributor to India’s industrial growth and energy security. Policy measures, including streamlined licensing and infrastructure development, are expected to facilitate the target.