Compensatory Afforestation Fund Act, 2016

With reference to the Compensatory Afforestation Fund Act (CAFA), 2016, consider the following statements:

  1. 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.
  2. The National Fund gets 60% of funds collected and the remaining 40 % goes to respective State Fund.
  3. 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
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