OMBADC Focuses on More Livelihood and Skill Development Projects Related to Tribal Youth

Bhubaneswar, August 21:The 26th Board of Directors Meeting of OMBADC was held on today under the Chairmanship of the Chief Secretary, Odisha-cum-Chairman, OMBADC Pradeep Kumar Jena. Other Directors who attended the meeting were Development Commissioner-cum-Additional Chief Secretary, Odisha Anu Garg, Additional Chief Secretary FE & CC, Govt. of Odisha (through virtual mode), PCCF & HOFF Odisha, Govt. of Odisha, Chief Executive Officer, OMBADC and all Independent Directors. 

Odisha Mineral Bearing Areas Development Corporation (OMBADC), a public limited government company, not for profit, has been incorporated under Section 8 of the Companies Act, 2013 on 02 December 2014. The said company is a “Special Purpose Vehicle” (SPV) incorporated for undertaking tribal welfare and area development works in the mineral bearing areas of the State. 

In the BoD Meeting, Satyabrata Sahu, ACS Revenue, Forest, Environment and Climate Change Department, incorporated as the new Director in the Board of OMBADC was welcomed by the Chairman.

 G. Rajesh, CEO OMBADC presented the updated financial status of the Company, wherein total fine amount collected, funds disbursed and utilized by the different line departments was detailed out. The status of projects funded under Compensation Money was also presented to the Board of Directors for their update.

The CEO informed that under the Compensation money funds, the Board has approved 54 projects amounting to Rs. 17916.16 Cr under different Board meetings since the 14th BOD meeting held in the month of April 2019. The projects have been proposed by 18 Line departments and most of the approved projects are under implementation.

The Line departments have successfully utilized an amount of Rs. 7223.01 Cr till date out of the total released fund of Rs. 9737.58 Cr. The projects pertain to sectors like Drinking Water, Education, Health, Livelihood, Environment Protection, Rural Connectivity and Water Conservation.