Goan govt. has issued a notification today (13 Jan’16) for creation and operation of Goa Mineral Ore Permanent Fund Trust Scheme.
Government of Goa in consultation with Central Empowered Committee of Honourable Supreme Court of India formulated the scheme for creation & operation of namely Goa Mineral Ore Permanent Fund Trust Scheme.
- Contribution of the fund: The contribution to the fund shall be amount received from- (a) 10% of the sale proceeds of the mineral ore sold by means of e-auction (b) 10% of the pit mouth sale value of mineral as determined by Indian Bureau of Mines
- Creation of trust: For operation of the trust there shall be governing body of the trust and an executive committee of the trust.The governing body shall comprise of Honorable chief minister, minister of mines & geology, chief secretary, secretary (Mines) director of mines & geology and other members who would be nominated by the govt. Executive committee shall consist of chief secretary, secretary (Mines) and members nominated by govt. From among persons having knowledge in the field of engineering, medicine, forest, wildlife, agriculture and other relevant fields.
Link to the notification of Goa Mineral Ore Permanent Fund Trust Scheme
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