Get the most updated and recent current affair content on Padhaikaro.com
Reference News:-
The Compensatory Afforestation Fund Management and Planning Authority (CAMPA) has so far disbursed ₹48,606 crore to 32 States.
each followed by Jharkhand and Maharashtra at around ₹3,000 crore.
What are CAMPA funds?
CAMPA funds are part of long-pending dues of the Compensatory Afforestation Fund (CAF), a ₹54,000-crore tranche collected for nearly a decade as environmental compensation from industry, which has razed forest land for its business plans.
About CAMPA:
CAF Act 2016, which came into being more than a decade since it was devised, established an independent authority — the Compensatory Afforestation Fund Management and Planning Authority — to execute the fund.
What is Compensatory Afforestation?
Compensatory afforestation means that every time forest land is diverted for non-forest purposes such as mining or industry, the user agency pays for planting forests over an equal area of non-forest land, or when such land is not available, twice the area of degraded forest land.
Fund sharing:
As per the rules, 90% of the CAF money is to be given to the states while 10% is to be retained by the Centre.