What is District Mineral Foundation (DMF)?
A
fund established for social and economic upliftment of mining affected people
and places
An
institution or bodies established for social and economic upliftment of mining
affected people and places
A
committee setup in 2015 to recommend measures for social and economic
upliftment of mining affected people and places
None
of these
Which of these is not correct regarding DMF?
The
Mines and Minerals (Development and Regulation) Amendment Act, 2015 provides
for the creation of DMF
Ministry
of Mines issues guidelines for using the funds accruing to DMF.
The
DMF is to be established by the state government.
Odisha
has become the first state in the country to issue rules related to DMF
All
are correct
Which of these is not correct about PMKKKY?
The
scheme is binding on the state governments.
Its
objectives primarily rests on social and economic development of people in
mining districts of the country
It
envisages optimum utilisation of funds of DMF
The
scheme earmarks 40% of expenditure of the fund for high priority areas and 60%
towards other priority areas.
The PMKKKY scheme came into effect from
January 12, 2015, consider the following facts regarding the scheme.
Mining leases executed before 12th
January 2015 will have to contribute an amount equal to 30% of the royalty
payable by them to the DMFs
Mining leases granted after 12 January
2015 through auction will contribute an amount equal to 10% of the royalty
payable by them to the DMFs
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