Latest news with #DistrictMineralFoundationTrust
Time of India
5 days ago
- Business
- Time of India
Dist mineral trust fund allocation revised to 70:30
Jaipur: The state govt has notified amendments to the rules governing the District Mineral Foundation Trust (DMFT), revising the fund allocation ratio from 60:40 to 70:30 for development in mining-affected areas. According to the revised provisions, 70% of DMFT funds will be earmarked for high-priority areas such as drinking water supply and purification (including water treatment plants), environmental protection and air pollution mitigation, health infrastructure including silicosis treatment, educational facilities (construction of schools, libraries, toilets, provision of drinking water in schools, sports infrastructure, and e-learning), women and child development (including Anganwadi centres), skill development for local youth, hostels, old-age homes, sanitation, housing, agriculture, and animal husbandry. An official said, "The remaining funds will be used for other priority works, particularly infrastructure development, including roads, bridges, rail and irrigation projects, energy, and watershed-related works. All development works under DMFT will be undertaken within a 25km radius of mining-affected areas." The fund is sourced from 30% of royalties from old major mineral mines, 10% from auctioned major mineral mines, and 10% from minor mineral royalties. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo To ensure better planning and utilisation of DMFT funds, the govt has constituted a district-level governing council chaired by the district collector, with the chief executive officer of the zila parishad as member secretary. Additionally, a state-level monitoring committee has been formed under the chairmanship of the chief secretary, with the principal secretary of the mines department serving as vice-chairperson. "For the first time, a representative from the Union ministry of mines has also been included in the committee," the official added. At both the district and state levels, the committees will also include representatives from relevant govt departments, mine leaseholders, local public representatives, and NGOs. Principal secretary, department of mines and petroleum, T Ravikanth, said, "In districts where DMFT collections exceed Rs 50 crore, a Project Management Unit (PMU) will be established for management, technical support, and planning. Further, 10% of the fund amount will be set aside as an Endowment Fund."
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Business Standard
19-06-2025
- Business
- Business Standard
Rajasthan brings new rules to develop the mining-affected areas
A majority of Rajasthan's earmarked funds for mining-affected areas will be used for works like drinking water distribution, environmental protection and health facilities, said a senior civil servant. The District Mineral Foundation Trust (DMFT) will use 70 per cent of funds in 'high-priority areas', said T Ravikant, principal secretary of mines and petroleum department. The rest of the amount will be used for development works in other places in mining areas. For DMFT, 30 per cent of royalty amount is collected from old mines of major minerals and 10 per cent each from auctioned major mineral mines and minor mineral mines. The state government has issued a notification on new DMFT rules that will enable better use of funds for mining-affected areas, said Ravikant. Public welfare works will be done within a 25 km radius of a mining-affected area, according to the new rules. Chief Minister Bhajan Lal Sharma, who holds the mining portfolio, aims to develop mining by simplifying approvals for investments. 'The Chief Minister believes that the amount collected in the DMFT fund from a mining area should be used in the overall development of the residents of the same area,' Ravikant said. Ravikant said that the new rules state 70 per cent of DMFT funds in high priority areas can be used for drinking water distribution and purification, environmental protection, health facilities, education, child development, skill development of youth and other purposes. As much as 30 per cent of the amount can be used for other priority works, especially infrastructural development, including road, bridge, rail projects and irrigation projects, energy and watershed-related works. Ravikant said that in districts where Rs 50 crore or more amount is collected in mining royalties, project management units will be formed for management, technical assistance and planning. As much as 10 per cent of the amount received in the fund will be kept as an endowment fund.
