Rs 40,000 crore fund for planting trees: MoEFOct 15, 2015
Govt. planned to bring CAF Bill 2015 in Winter Session of Parliament.
New Delhi- Environment and forest minister Prakash Javadekar said that government has planned to bring the Compensatory Afforestation Fund (CAF) Bill 2015 in the Winter Session of Parliament. Talking to reporters, Mr Javadekar said, he expects a smooth passage of the measure which will pave the way for expeditious utilization of funds realized for forest land diverted to non-forest purposes in transparent manner. The bill will also ensure utilization of accumulated unspent funds already available with Compensatory Afforestation Fund Management and Planning Authority (CAMPA). States will get Rs 40,000 crore from CAMPA after passage of the bill, he said, adding that these would be additional funds for them. The bill also provides for establishment of the national CAF and the state CAF to credit amounts collected by states and Union Territory administrations to compensate loss of forest land diverted for non-forest purpose
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