Mining companies Welfare Schemes introduced in India

16 Dec 2021 CW Team

Annexure-I lists the welfare schemes in mining areas by state and the funds allocated.

To ensure that the District Mineral Foundation Trust Fund, which is for the welfare of people and areas affected by mining-related activities, is not misused, the government has taken the following steps:

A two-tier administrative structure for DMF, consisting of a Governing Council and a Managing Committee, has been proposed in the Model Trust Deed circulated by the Central Government to ensure effective implementation of the PMKKKY scheme in transforming people's living standards or social upliftment and development of areas affected by mining-related operations. As a result, the majority of states have included a two-tier DMF administrative structure in their State DMF Rules.

According to PMKKKY guidelines, the DMF's accounts must be audited every year by a Chartered Accountant appointed by the DMF, or in any other manner specified by the Government, and the report must be made public. In addition, the Annual Report must be submitted to the government within one month of the DMF's approval, and it must be available on the Foundation's website. Each Foundation's Annual Report must be presented to the State Legislative Assembly.

The central government issued instructions regarding the use of funds by District Mineral Foundations in an order dated 12 July 2021, prohibiting District Mineral Foundations from transferring funds to the State exchequer, State level fund, Chief Minister's Relief Fund, or any other funds or schemes. Furthermore, no expenditure from the District Mineral Foundation's fund shall be sanctioned or approved at the State level by the State Government or any State level agency.

Pralhad Joshi, Minister of Coal, Mines and Parliamentary Affairs, provided this information in a written reply to the Rajya Sabha today.

Image Source

Also read: Amendment in Mining Act: A step towards building self-reliant India

Annexure-I lists the welfare schemes in mining areas by state and the funds allocated. To ensure that the District Mineral Foundation Trust Fund, which is for the welfare of people and areas affected by mining-related activities, is not misused, the government has taken the following steps: A two-tier administrative structure for DMF, consisting of a Governing Council and a Managing Committee, has been proposed in the Model Trust Deed circulated by the Central Government to ensure effective implementation of the PMKKKY scheme in transforming people's living standards or social upliftment and development of areas affected by mining-related operations. As a result, the majority of states have included a two-tier DMF administrative structure in their State DMF Rules. According to PMKKKY guidelines, the DMF's accounts must be audited every year by a Chartered Accountant appointed by the DMF, or in any other manner specified by the Government, and the report must be made public. In addition, the Annual Report must be submitted to the government within one month of the DMF's approval, and it must be available on the Foundation's website. Each Foundation's Annual Report must be presented to the State Legislative Assembly. The central government issued instructions regarding the use of funds by District Mineral Foundations in an order dated 12 July 2021, prohibiting District Mineral Foundations from transferring funds to the State exchequer, State level fund, Chief Minister's Relief Fund, or any other funds or schemes. Furthermore, no expenditure from the District Mineral Foundation's fund shall be sanctioned or approved at the State level by the State Government or any State level agency. Pralhad Joshi, Minister of Coal, Mines and Parliamentary Affairs, provided this information in a written reply to the Rajya Sabha today. Image Source Also read: Amendment in Mining Act: A step towards building self-reliant India

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..