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The Government has recently amended the Mines and Minerals (Development and Regulation) Act 1957 with effect from 12th Janauary 2015 for promoting the mining sector. The sailent features of the MMDR Act 2015 are:
District Mineral Foundation (DMF) The Act also has provision for the establishment of DMF, a non-profit organization, in any district affected by mining-related operations, with the objective of working for the interest and benefit of persons as well as affected areas where mining activity is taking place. The composition and functions of the DMF shall be prescribed by the state government. Pradhan Mantri Khanij Kshetra Kalyan Yojna (PMKKKY): Under PMKKKY, an amount of Rs. 6000 crore per annum is to be spent on welfare schemes related to people and districts adversely affected by mining activities. The central government has framed the PMKKKY with the objective of implementing various developmental and welfare programmes in mining-affected areas; to minimize/mitigate the adverse impacts during and after mining on environment, improvement in health, education and socio-economic condition of people in mining districts; and to ensure longterm sustainable livelihood for the affected people in mining areas.
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