(1) In order to enhance the capacity of the District Mineral Foundation Trust and for effective utilization of District Mineral Foundation Trust funds, the District Mineral Foundation Trust with annual collection in the excess of Rs. 50 crores shall set up a Project Management Unit for planning, technical, accounting and monitoring support and the cost of such Project Management Unit may be met from administrative expenses 15 3Third Amendment Dated 29.09.2025
(2) The Project Management Unit may engage required qualified manpower on contractual basis. Engagement of personnel for projects under the Pradhan Mantri Khanij Kshetra Kalyan Yojana shall be purely contractual for a limited period only.
(3) As far as possible, no temporary/ permanent posts shall be created under the District Mineral Foundation. Any creation of temporary/ permanent posts and purchase of vehicle by the foundation shall require prior approval of the State Government. However, minimum required staff can be engaged on contractual basis.
Endowment fund 332. (1) The districts having annual collection of Rs. 10 crore or more shall maintain an endowment fund.
(2) The endowment fund may be invested in Government securities/bonds and Fixed Deposits (FDs) of scheduled banks.
(3) A reasonable sum not exceeding 10% of the annual receipts shall be kept as endowment fund and the same shall be used for providing sustainable livelihood in areas where mining activity has stopped due to any reason including exhaustion of mineral.
Implementation of works/Contracts