District Mineral Foundation Trust
District Mineral Foundation trust is a statutory body, set up as a non-profit body and the state Government shall by notification establish the trust. They derive their legal status from section 9B of Mines and Minerals (Development and Regulation) act, 1957 as amended on 26th March 2015 as Mines and Minerals (Development and Regulation) act, 2015.
Aims and Objectives of the District Mineral Foundation Trust
To work for the interest and benefit of the persons and areas affected by mining related operations in the districts in such manner as may be specified by the state Government.
Objectives:
- To provide funds to implementing agencies for various developmental and welfare projects or programs in mining affected areas
- To minimize or to mitigate the adverse impacts, during and after mining, on the environment, health and socio-economics of people in mining districts and
- To ensure long term sustainable livelihoods for the affected people in mining areas
