Ministry Of Mines : District Mineral Foundation Constituted In 622 Districts; Rs.71128.71 Crore Collected Till October, 2022 Benefitting Large Number Of People

Orissadiary | Dec 26, 2022

New Delhi : Series of policy initiatives paving the way for amendments in Acts & Rules to bring about further acceleration in mining activity and ease of doing business marked the mining sector of India during the year 2022. Many a special initiative undertaken by the Mines Ministry resulted in amendments of Acts & Rules, thereby removing major obstacles /bottlenecks faced by our mining sector for years.

Innovative mineral exploration activities using state-of-the-art technology by Geological Survey of India (GSI), stepped up efforts by Khanij Bidesh India Limited (KABIL) to source strategic minerals from countries like Australia, Argentina and Chile were some of the highlights of the important steps taken by the Mines Ministry during 2022. Successful auction of 90 mineral blocks, establishment of District Mineral Foundation (DMF) in 622 districts and collection of Rs. 71128.71 crore up to October, 2022 under DMF were equally note-worthy achievements of the Ministry during the year.

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