Q. Consider the following statements about Compensatory Afforestation Fund Act (CAMPA Act), 2016:
1.The Act institutionalized the process of managing the funds collected for compensatory afforestation that was earlier handled by an ad hoc authority.
2.Under the Act, a National CAF is constituted under the Public Account of India.
3.90% of the funds collected go to State Governments.
How many of the above statements are correct?
Answer: C
Notes:
Explanation: All Statements are correct
Statement 1 is correct: The CAF Act, 2016, also known as the CAMPA Act, was enacted to regulate and manage the funds collected for compensatory afforestation in India. It institutionalizes the process that was earlier handled by an ad hoc authority.
Statement 2 is correct: Creation of Funds under the Act:
- National CAF under the Public Account of India.
- State CAFs under the Public Account of respective states.
Statement 3 is correct: Fund Distribution:
- 90% of the funds go to State Governments.
10% is retained by the Central Government.
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