The government said that money earned from 10 percent disinvestment of Coal India would be utilised in implementation of welfare schemes and for the development of infrastructure in the country. It was said today by the union Minister of State for Coal Mr. Sriprakash Jaisawal while talking to media persons at Lucknow. He said that one percent of Coal India IPO will be reserved for employees of Coal India and its auxiliaries. He said IPO will be in market likely in the month of September or October this year. He said that 5 percent discount will be given to the Coal India employees and small investors. Ignoring criticism about misuse of money earned from disinvestment he said entire money would be for the welfare of the common men and strictly not for capitalist. Replying to a question he said that the government has not estimated that how much money will be collected from IPO.<br/><br/>Mr. Jaisawal said that in spite of adverse law and order situation in the concerned states Coal India has recorded 8 percent production growth during last financial year. He said that this growth is satisfactory. He said that import of coal is necessity of time to fulfill requirement of the country. He said that NTPC has started import of coal from other countries.<br/><br/>Mr. Jaiswal informed that centre has created a fund of 10 thousand core rupees for rehabilitation of people residing in the coal field areas in Jharkhand and West Bengal where fire is continuing from last several areas.