The Government of Goa has recently approved a significant sum of 200 crore rupees to establish a mineral fund to support various development initiatives in the state. This move reflects the government's commitment to harnessing the potential of its mineral resources for the overall progress and welfare of its citizens.
A) The mineral fund will serve as a dedicated financial resource that can be utilized for a range of developmental projects across sectors such as education, healthcare, infrastructure, and environmental conservation.
B) It will ensure that the mining industry's revenue is reinvested into the state's growth, thereby benefiting the local communities.
This allocation of funds underscores the government's proactive approach to promoting sustainable development practices while leveraging the state's mineral wealth. By channeling the resources towards key sectors, the authorities aim to create a more inclusive and prosperous society, providing better opportunities for its residents.
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