Development of Mineral Resources & Technology Upgradation Fund (DMRTUF)

Policy & Legislation / Policies / DMRTUF

Government with a need to have a mechanism for Resource Audit of Mineral Wealth in the State has formulated a Fund for development of mineral resources and also to upgrade the latest techniques and trends in the mining sector.
State is first in the country to create 'Development of Mineral Resources and Technology Up-gradation Fund (DMRTUF)' by allocating a marginal 10% of sales turnover from the Telangana State Mineral Development Corporation.
Resource Audit involves collection of geological, mineral and exploration data, dissemination of information etc.
The main functions of the DMRTUF are:
1. Collection of Data on Geological, Geophysics, Geochemical, Mineral Aerial Photos etc.,
2. Study Identification & Acquisition of Latest technology and equipment for Exploration.
3. Computerization and creation of Data Base for the entrepreneurs in the field of exploration/ exploitation / Mining / Technology / Mineral Based Industries etc.,
4. Infrastructure Development in Mining areas which directly spin off economic activity.
State Government constituted an autonomous Trust for functioning of the DMRTUF.

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Version 2.0

Last Updated: September 20, 2024

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