Mines Ministry has adopted the scheme for accreditation of private exploration agencies developed by the National Accreditation Board for Education and Training of the Quality Council of India. This scheme is aimed at unleashing the economic potential of the mines sector by bringing more agencies in exploration of minerals. This will also increase the pace of exploration, create new employment opportunities in the sector and bring more explored blocks for auction.
The accreditation will be granted to private exploration agencies for undertaking prospecting operations of minerals. The interested private exploration agencies shall be required to obtain accreditation. At present, only government agencies are involved in exploration.