47. National Disaster Mitigation Fund
(1)
The Central Government may, by notification in the Official Gazette, constitute a Fund to be called the National Disaster Mitigation Fund [for meeting disaster mitigation needs] and there shall be credited thereto such amount which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide.
[(2) The Fund constituted under sub-section (1), shall be applied in accordance with the guidelines laid down by the Central Government in consultation with the National Authority.]
Amendment notes (2)
- Subs w.e.f. 9-4-2025 . Subs. by Act 10 of 2025, s. 28, for "for projects exclusively for the purpose of mitigation" (w.e.f. 9-4-2025).
- Subs w.e.f. 9-4-2025 . Subs. by s. 28, ibid., for sub-section (2) (w.e.f. 9-4-2025).