The fund will be a reserve for 10 per cent of the sale proceeds out of the e-auction of already mined ore and 10 per cent of future sale or export price of iron ore from Goa.
Economic Development Corporation Ltd will manage the deposits and pay such interest on the deposits at the rate to be mutually agreed by the government and EDC. The EPF rate is to be taken as a base to decide on the interest.— Pg3
