Business Standard

Sunday, December 22, 2024 | 06:51 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

States slow to identify projects, spend funds under Mineral Foundation

Data posted on the Ministry of mines website shows 21 mineral rich states have barely been able to expend 36% of the funds approved under DMF

coal mining
Premium

Jayajit Dash Bhubaneswar
Mineral rich states have shown a sluggish tendency to identify projects under District Mineral Foundation (DMF) and implement them. The slow pace of project execution has left a major portion of the sanctioned funds unused.

Data posted on the Ministry of mines website shows 21 mineral rich states have barely been able to expend 36 per cent of the funds approved under DMF. As on August 2019, out of Rs 26,685.48 crore allocated under the rubric of DMF, only Rs 9,554.87 crore has been spent by states.

Lack of identification of key projects that will benefit the people affected by

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in