To Collect fund from the lease holders of mining leases or prospecting cum Mining leases or quarry leases at the rate of 30% of royalty or Seigniorage fee to be paid under Tamil Nadu Minor Mineral Concession Rules 1959 in respect of mining leases or quarry leases or quarry leases granted before 12th January 2015 and 10% in respect of mining leases or quarry leases granted on or after 12th January 2015.

Utilize the funds for the interest and the benefits of the persons and the areas affected by mining operations.