Environment Relief Fund (Amendment) Scheme, 2024
Kartavya Desk Staff
Source: MoEFCC
Context: The Central Government has announced amendments to the Environment Relief Fund Scheme, 2008, through the Environment Relief Fund (Amendment) Scheme, 2024.
About Environment Relief Fund (Amendment) Scheme, 2024:
• Launched by: Ministry of Environment, Forest and Climate Change.
• Aim: To improve fund management, ensure efficient disbursement, and enhance environmental restoration efforts.
• Features: Fund Management: The Central Pollution Control Board (CPCB) appointed as Fund Manager for five years, replacing United Insurance Company Limited. Funding Sources: Compensation under Section 24 of the National Green Tribunal Act, 2010. Penalties under Sections 14, 15, or 17 of the Public Liability Insurance Act. Returns on fund investments. Digital Integration: Introduction of an online portal for scheme implementation and fund tracking. Disbursement Process: Funds released within 30 days of District Collector or Central Government orders. Investment Strategy: Investments in public financial institutions and savings accounts for liquidity and reinvestment. Environmental Restoration: CPCB and SPCBs to create restoration plans for Central Government approval. Funds allocated based on approved plans. Auditing: Independent auditor appointed by the Central Government with Comptroller and Auditor-General oversight. Administrative Allocation: Increased from 1% to 2% for administrative expenses.
• Fund Management: The Central Pollution Control Board (CPCB) appointed as Fund Manager for five years, replacing United Insurance Company Limited.
• Funding Sources: Compensation under Section 24 of the National Green Tribunal Act, 2010. Penalties under Sections 14, 15, or 17 of the Public Liability Insurance Act. Returns on fund investments.
• Compensation under Section 24 of the National Green Tribunal Act, 2010.
• Penalties under Sections 14, 15, or 17 of the Public Liability Insurance Act.
• Returns on fund investments.
• Digital Integration: Introduction of an online portal for scheme implementation and fund tracking.
• Disbursement Process: Funds released within 30 days of District Collector or Central Government orders.
• Investment Strategy: Investments in public financial institutions and savings accounts for liquidity and reinvestment.
• Environmental Restoration: CPCB and SPCBs to create restoration plans for Central Government approval. Funds allocated based on approved plans.
• Auditing: Independent auditor appointed by the Central Government with Comptroller and Auditor-General oversight.
• Administrative Allocation: Increased from 1% to 2% for administrative expenses.
Insta links:
• Climate-finance-action-fund-CFAF