Category : National
The Union Government has unlocked green funds worth over Rs 66,000 crore to increase the country’s forest cover. The fund is an accumulated amount of money, which user agencies have been depositing as compensation for diverting forest land for non-forest purposes, including industries and infrastructure, since the past 10 years. The government has finally notified the rules for utilisation of the money by states and Union Territories and for setting up of authorities to monitor its use for afforestation and conservation. |
Source- The Tirbune |
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