Section 9C: National Mineral Exploration and Development Trust.

The Mines and Minerals (Development and Regulation) Act, 1957Central Act · Act 67 of 1957

[National Mineral Exploration and Development Trust.]--- (1) The Central Government shall, by notification, establish a Trust, as a [non-profit autonomous body], to be called the [National Mineral Exploration and Development Trust].

[(2) The object of the Trust shall be to use the funds accrued to the Trust within India, including the offshore areas, and outside India for the purposes of regional and detailed exploration and development of mines and minerals in such manner as may be prescribed by the Central Government.]

(3) The composition and functions of the Trust shall be such as may be prescribed by the Central Government.

(4) The holder of a mining lease or a [composite licence] shall pay to the Trust, a sum equivalent to [three per cent.] of the royalty paid in terms of the Second Schedule, in such manner as may be prescribed by the Central Government.]

[(5) The entities specified and notified under sub-section (1) of section 4 shall be eligible for funding under the [National Mineral Exploration and Development Trust].]

Where this provision sits

Act	The Mines and Minerals (Development and Regulation) Act, 1957
Section	9C
Marginal note	National Mineral Exploration and Development Trust.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 28 of 2025. . Subs. by Act 28 of 2025, s. 5, for marginal heading (w.e.f. 1-9-2025).
substituted, Act 16 of 2021. . Subs. by Act 16 of 2021, s. 11, for "non-profit body" (w.e.f. 28-3-2021).
substituted, Act 28 of 2025. . Subs. by Act 28 of 2025, s. 5, for "National Mineral Exploration Trust" (w.e.f. 1-9-2025).
substituted. . Subs. by s. 5, ibid., for sub-section (2) (w.e.f. 1-9-2025).
substituted, Act 16 of 2021. . Subs. by Act 16 of 2021, s. 2, for "prospecting licence-cum-mining lease" (w.e.f. 28-3-2021).
substituted, Act 28 of 2025. . Subs. by Act 28 of 2025, s. 5, for "two per cent." (w.e.f. 1-9-2025).
inserted, Act 16 of 2021. . Ins. by Act 16 of 2021, s. 11 (w.e.f. 28-3-2021).

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