Section 9B of MMDR : Section 9B: District Mineral Foundation
MMDR
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Explanation using Example
Imagine a scenario where a company, "X-Mining Corp.", has been granted a mining lease in the district of "GreenValley", which is known for its rich mineral deposits. As per Section 9B of The Mines and Minerals (Development and Regulation) Act, 1957:
- The State Government, recognizing the impact of mining activities on the local community and environment, establishes the "GreenValley District Mineral Foundation" (GDMF) as a trust to support the affected areas.
- GDMF's objective is to manage funds for the development of ...
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