When was the Mineral Policy declared in Madhya Pradesh?

Correct option is D

The correct answer is (d) 2005

Explanation:
• The first Mineral Policy was declared in Madhya Pradesh in 1995.
• However, a revised and comprehensive new Mineral Policy was declared in 2005 to attract investment, promote scientific mining, and ensure sustainable development of mineral resources.
• This policy aimed to streamline the process of grant of prospecting licenses and mining leases.
• The state has rich deposits of coal, iron ore, limestone, and diamond.
• Further revisions were also made in later years, such as the 2010 and 2014 policies.

Information Booster:
• The policy focused on transparency and efficiency in the allocation of mineral resources.
• It also emphasized environmental protection and the welfare of local communities in mining areas.