1[National Mineral Exploration and Development Trust.]--- (1) The Central Government shall, by notification, establish a Trust, as a 2[non-profit autonomous body], to be called the 3[National Mineral Exploration and Development Trust].
4[(2) The object of the Trust shall be to use the funds accrued to the Trust within India, including the offshore areas, and outside India for the purposes of regional and detailed exploration and development of mines and minerals in such manner as may be prescribed by the Central Government.]
(3) The composition and functions of the Trust shall be such as may be prescribed by the Central Government.
(4) The holder of a mining lease or a 5[composite licence] shall pay to the Trust, a sum equivalent to 6[three per cent.] of the royalty paid in terms of the Second Schedule, in such manner as may be prescribed by the Central Government.]
7[(5) The entities specified and notified under sub-section (1) of section 4 shall be eligible for funding under the 3[National Mineral Exploration and Development Trust].]
4[(2) The object of the Trust shall be to use the funds accrued to the Trust within India, including the offshore areas, and outside India for the purposes of regional and detailed exploration and development of mines and minerals in such manner as may be prescribed by the Central Government.]
(3) The composition and functions of the Trust shall be such as may be prescribed by the Central Government.
(4) The holder of a mining lease or a 5[composite licence] shall pay to the Trust, a sum equivalent to 6[three per cent.] of the royalty paid in terms of the Second Schedule, in such manner as may be prescribed by the Central Government.]
7[(5) The entities specified and notified under sub-section (1) of section 4 shall be eligible for funding under the 3[National Mineral Exploration and Development Trust].]
Source footnotes
1. Subs. by Act 28 of 2025, s. 5, for marginal heading (w.e.f. 1-9-2025).2. Subs. by Act 16 of 2021, s. 11, for "non-profit body" (w.e.f. 28-3-2021).
3. Subs. by Act 28 of 2025, s. 5, for "National Mineral Exploration Trust" (w.e.f. 1-9-2025).
4. Subs. by s. 5, ibid., for sub-section (2) (w.e.f. 1-9-2025).
5. Subs. by Act 16 of 2021, s. 2, for "prospecting licence-cum-mining lease" (w.e.f. 28-3-2021).
6. Subs. by Act 28 of 2025, s. 5, for "two per cent." (w.e.f. 1-9-2025).
7. Ins. by Act 16 of 2021, s. 11 (w.e.f. 28-3-2021).
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 10Application for mineral concession. →All sections / सभी धाराएँThe Mines and Minerals (Development and Regulation) Act, 1957 →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Declaration as to expediency of Union Control.Section 3 · Definitions.Section 4 · Prospecting or mining operations to be under licence or lease.Section 4A · Termination of prospecting licences, exploration licences or mining leases.Section 4B · Conditions for efficiency in production.Section 5 · Restrictions on the grant of mineral concession.Section 6 · Maximum area for which mineral concession may be granted.India Code, Government of India. Text fetched 25 Oct 2026. Source metadata reports last modification: 2025-09-26. Check the linked official text and subsequent notifications when applying a provision.