Panaji: Goa Chamber of Commerce and Industry appealed to banks to adopt a lenient approach towards mining-affected borrowers in Goa, highlighting the sector’s revival and growth potential as mining operations restart.Chandrakant Gawas, who heads GCCI’s logistics committee, urged lenders to rework stressed assets worth an estimated Rs 5,000 crore affecting around 1,500 borrowers, restructure loans with flexible terms, and consider fresh contracts based on production forecasts.
With four mining blocks operational, six blocks to be auctioned in April, and iron ore output expected to exceed 10 million tonnes this fiscal, he cautioned banks against liquidating mortgaged assets, advocating amicable solutions focused on rural mining areas.Goa govt extended its Debt Relief Scheme, offering 35% loan subsidies, 100% interest waivers, and principal waivers up to 40% for truck owners and 30% for barge owners.Mining leases are restarting in phases to revive employment by 2026.
