Chhattisgarh Mineral Development Fund Act, 2003 (Act No. 22 of 2003).

The purpose of this Act is to create the Mineral Development Fund for the State of Chhattisgarh and provide for its proceedings towards mineral exploration and development of mining activities in the State. The Fund so created shall be assigned to the Directorate of Geology and Mining and the Chhattisgarh Mineral Development Corporation. The Fund may be used for the following activities: a) carrying out the functions and activities of the Directorate or Geology and Mining specially for investigation and exploration of mineral deposits in the state, and b) carrying out the activities of the Corporation, such as exploitation of minerals, partnership in Joint Ventures, providing infrastructures in mines and also for other purposes connected with mining activities for functions for promoting mineral based industries in the State in accordance with the State Mineral Policy.