NEWS – National District Mineral Foundation Portal was launched

OVERVIEW

• Launch: Recently inaugurated by the Union Minister of Coal and Mines.
• Purpose: Centralized platform for District Mineral Foundations (DMFs) information.

Portal Features

• Objective: Facilitate access to DMF data and track developments and utilizations.
• Details: Provides information on 645 DMFs across the country.
• Transparency: Enhanced transparency with centralized visibility of activities.
• Project Oversight: Dynamic analytics and project oversight.
• Best Practices: Repository for effective implementation.

KEY FACTS ABOUT THE DISTRICT MINERAL FOUNDATION

Establishment : Non-profit body under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act 2015.

Purpose

• Objective: Benefit persons and areas affected by mining-related operations.
• Guidance: Prescribed by the respective State Government.

Funding

• Sources: Contributions from holders of major or minor mineral concessions.
• Regulation: Prescribed by Central or State Government.

Jurisdiction

• Governance: Operated under the relevant State Government.
• Functioning: Composition and functions as prescribed by the State Government.
• Collection: Fund collected at the district level.