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:
2 and 3
1, 2 and 3