New Delhi, April 24 -- The Ministry of Coal has introduced comprehensive policy reforms designed to stimulate underground coal mining operations across India.

These measures specifically address longstanding challenges in the sector, including high capital requirements and extended project timelines.

The policy reforms include two significant financial incentives to enhance the economic viability of underground mining ventures.

First, the ministry has reduced the floor percentage of revenue share for underground coal mines from 4 percent to 2 percent, providing substantial fiscal relief to operators.

Second, the mandatory upfront payment requirement for underground mining projects has been completely eliminated, removing a critical fi...