Civil Aviation Minister Raju, however, did not assign any particular time line for the policy roll-out.
"We have had extensive discussions. There are two-three minor issues which are being ironed out right now, as soon as they are ironed out, (the policy) will be circulated," Raju said on the sidelines of an aviation conference here.
The draft civil aviation policy was unveiled on October 30 last year. Comments on the draft policy were sought till November 30, 2015.
The draft policy focuses on boosting regional connectivity apart from proposals for various tax sops and over 50 per cent FDI for the Indian carriers.
The policy also moots setting up of no-frills airports and providing viability gap funding for airlines for regional connectivity. Further, fare would be capped at Rs 2,500 for one-hour flight under the regional connectivity scheme for places that are currently not covered.