District Mineral Foundation
Selected DMF Amount : 0 Rs
Total DMF Amount : 16264214915.92 Rs
A brief note on DMF
District Mineral Foundations are statutory bodies in India established by the State Governments by notification. They derive their legal status from section 9B of Mines and Minerals (Development and Regulation) Act, 1957 as amended on 26 March 2015 as Mines and Minerals (Development and Regulation) Amendment Act, 2015. This amendment came into force from 12 January 2015.Government of Karnataka has issued notification dated: 05.11.2015 for the establishment of DMF in each of the districts of the State which shall be deemed to have been come into existence w.e.f. 12.01.2015. Thereafter, Rules have framed on 11.01.2016.In consultation with Director of Treasury and Accountant General all the respective offices of Department of Mines & Geology have been informed to collect District Mineral Foundation (DMF) as per provisions of Act and Rules and informed to remit to the Head of Account 8449-00-120-9-45/.