DMFT Bokaro

Features DMFT Bokaro

The Ministry of Mines, through the Mines and Minerals (Development and Regulation) Act, 1957 (2015 Amendment) authorizes all District Mineral Foundations (Trust) to collect part of the royalties coming from the mining companies (10 % royalty collected from companies involved in mining activities on or after 12th January 2015 and 30 % royalty collected from companies involved in mining activities before 12th January 2015).
Fund collection directly depends upon mining production, this benefits the communities and areas in districts directly or indirectly affected by mining-related operations thus paving the way for bringing about development in these areas.
The provision of the District Mineral Foundation opens a window of opportunity to uplift the socio-economic status of mining-affected communities.