Jharkhand to get Rs.1,000 crore every year for mining-hit people
Jharkhand will get more than Rs 1,000 crore every year as district mineral foundation (DMF) fund for the development of mining-affected people, according to an estimate by the Delhi-based Centre for Science and Environment (CSE).
The Mine and Minerals Development and Regulation (Amendment) Act, 2015 ´ passed by the Centre in March provided for DMF and stipulated that it would get one-third of the total royalty given to the state against mines and mineral exploration. Jharkhand is likely to constitute DMF by October-end.
The CSE has estimated that around Rs 105 crore would go to DMF in Jharkhand only from iron ore and Rs 820 crore from coal royalty annually. According to a report of the state mining department, Jharkhand earns Rs 3,500 as royalty from minerals annually.