NMDE Scheme to Offset Exploration Costs for Composite License Holders

A dedicated presentation during the Patna event introduced the National Mineral Exploration & Development Trust (NMDE) scheme aimed at reducing the financial burden of exploration for composite‑license holders. Under the program, a portion of the drilling and survey expenses can be reimbursed, encouraging more private players to undertake early‑stage work.

The scheme’s eligibility criteria, application timeline and reimbursement rates were explained by officials from the trust. Attendees learned how to submit cost‑recovery claims and the documentation required to qualify for funding.

Following the presentation, an open‑house discussion allowed stakeholders to raise specific queries about the scheme’s implementation, ensuring clarity on how the initiative will accelerate mineral discovery and bring new projects to the market faster.