(1) The Governing Council shall,-
(i) lay down the broad policy framework for functioning of the trust and review it’s working, from time to time;
(ii) draw up and approve the five years perspective plan, annual action plan and the annual budget for the trust;
(iii) approve such other expenditure, in furtherance of the objects of the trust from the available trust fund in such manner as may be specified by the Government, from time to time;
(iv) approve the recommendation of the Managing Committee;
(v) distribute monetary benefits to persons or families affected by mining related operations in the district; and
(vi) award for three innovative works taken up under the trust every year, on the basis of parameters decided by the Government.
(2) The annual action plan shall be prepared and approved by the Governing Council at least one month before commencement of the year:
भाग4(ग) राजस्ाानराज-पत्र,जून12,2025 37
Provided that if annual plan and budget is not prepared and approved within the specified time, the Chairperson shall have the power to prepare and approve the same. The annual plan and budget so prepared and approved shall be deemed to have been duly prepared and approved by the Governing Council.
(3) The annual action plan shall contain the list of schemes and projects with the tentative provisions thereof.