What do you think about DMF Funds in India

Question

Accepted Answer

DMF Funds in India are a government initiative to address the social and economic development needs of mining-affected communities.

DMF stands for District Mineral Foundation.
DMF funds are collected from mining companies as a percentage of their royalty payments.
The funds are used for the welfare and development of mining-affected areas.
DMF funds are utilized for various purposes like healthcare, education, infrastructure, and livelihood development.
Examples of DMF fund utilization include building hospitals, schools, roads, and providing skill training programs.
DMF funds play a crucial role in mitigating the adverse impacts of mining activities on local communities.

Accepted Answer

DMF funds are non-profit and independent trusts linked to the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY). It implements various welfare programmes for the mining-affected communities and the environment. At least 60 percent of the DMF funds should be utilised for high-priority areas.

What do you think about DMF Funds in India

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