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70% of mining welfare funds DMF unutilized: FIMI
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SME Times News Bureau | 15 Nov, 2019
Federation of Indian Mineral Industries (FIMI), an apex body of mining
companies in India have said that not even 30 per cent of the District
Mineral Foundation (DMF) have been used till September this year.
DMF
was constituted by the government for the welfare of the community
residing near mining areas. By amending MMDR Act in 2015 mining
companies were required to contribute to the DMF.
"Out of
1,35,472 welfare projects sanctioned by the government, only 52,342 have
been completed and about 7,100 have been scrapped," FIMI said on
Thursday.
R.K. Sharma, Secretary General of the Federation of
Indian Mineral Industries (FIMI) said "the fact is that even today most
of the funds in DMF remain unutilized, increasing the difficulties of
mining companies towards getting consent to operate. The village
community does not understand the contribution of the mining companies
in DMF".
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