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Compensatory Afforestation Fund Act, 2016
With reference to the Compensatory Afforestation Fund Act (CAFA), 2016, consider the following statements:
- The Act established a National Compensatory Afforestation Fund under the Public Account of India and State Compensatory Afforestation Fund under the Public Account of each state.
- The National Fund gets 60% of funds collected and the remaining 40 % goes to respective State Fund.
- The collected funds must be utilized only for afforestation and regeneration of forest ecosystem and not for wild life protection and infrastructure development.
Which of the statement(s) given above is/are correct? Choose the correct answer from the codes given below:
A |
Only 1
|
|
B |
2 and 3
|
|
C |
Only 3
|
|
D |
1, 2 and 3
|
Your Ans is
Right ans is A
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- The Compensatory Afforestation Fund Act, 2016 was passed in 2016 and the related rules were notified in 2018.
Salient Features of CAFA
- It provides for the establishment of the National Compensatory Afforestation Fund under the Public Account of India, and a State Compensatory Afforestation Fund under the Public Account of each state.
- The payments into the funds include:
- Compensatory afforestation
- Net Present Value (NPV)
- Any project specific payments
- The National Fund gets 10% of funds collected and the remaining 90% goes to respective State Fund.
- These funds would be brought under the focus of Parliament and State Legislatures by transferring them to non-lapsable interest bearing funds.
- The collected funds will be utilized for:
- Afforestation
- Regeneration of forest ecosystem
- Wild life protection
- Infrastructure development
- Location of villages from protected areas
- Managing human-wildlife conflicts
- Training and awareness generation
- Supply of wood saving devices and allied activities
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