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Compensatory Afforestation Fund Bill, 2015

Dated:- 30-4-2015 - The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval for introduction of the in Parliament during the current session. The proposed legislation seeks to provide an appropriate institutional mechan .....

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f such forest land. The proposed legislation also seeks to provide safety, security and, transparency in utilization of these amounts, which currently are being kept in Nationalised Banks and are being managed by an ad-hoc body. These amounts would b .....

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egislation will also ensure expeditious utilization of accumulated unspent amounts available with the ad hoc Compensatory Afforestation Fund Management and Planning Authority (CAMPA), which presently is of the order of ₹ 38,000 crore, and fresh .....

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tion of appropriate measures to mitigate impact of diversion of forest land, for which these amounts have been realised. Apart from mitigating the impact of diversion of forest land, utilisation of these amounts will also result in creation of produc .....

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