316 District Mineral Foundation Trusts exempted from income tax: Coal and Mines Minister Pralhad Joshi

Coal and Mines Minister Pralhad Joshi on Saturday said the increase in number of District Mineral Foundation Trusts exempted from income tax payment will result in more fund availability with them, thus ensuring better implementation and outcome-oriented activities for welfare of mining affected people.

District Mineral Foundation (DMF) is a non-profit statutory ‘Trust’ for every district affected by mining-related operations. It is an initiative of the government to ensure that funds are collected under DMF and utilised for welfare of those affected by mining-related operations.

“Thank you PM @narendramodi ji & FM @nsitharaman ji for exempting 165 DMF trusts from Income Tax payment.