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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 mechanism, both at the Centre and in each State and Union Territory, to ensure expeditious utilization in efficient and transparent manner of amounts realised in lieu of forest land diverted for non-forest purpose. This would mitigate impact of diversion o .....

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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 accrual of compensatory levies and interest on accumulated unspent balance, which will be of the order of approximately ₹ 6,000 crore per annum, in an efficient and transparent manner. Utilization of these amounts, will facilitate timely execu .....

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