What is/are the purpose/purposes of `District Mineral Foundations’ in India?
- Promoting mineral exploration activities in mineral-rich districts
- Protecting the interests of the persons affected by mining operations
- Authorizing State Governments to issue licences for mineral exploration
Select the correct answer using the code given below.
Correct Answer: Option B
A District Mineral Foundation (DMF) is a trust established as a non-profit body in districts affected by mining activities. Its primary purpose is to work for the interest and benefit of individuals and areas impacted by mining-related operations.
DMFs are funded by contributions from miners. The establishment of DMFs in all mining-affected districts was mandated by the Mines and Minerals (Development & Regulation) Amendment Act, 2015.
The operation of DMFs falls under the jurisdiction of the respective State Governments.
Statement 2 is correct. Statements 1 and 3 are incorrect. Hence, only statement 2 is correct.
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