Section 47 of the Disaster Management Act, 2005 – National Disaster Mitigation Fund

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Section 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 1[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[(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.]

Source: official text of The Disaster Management Act, 2005 as published on India Code (PDF). All sections of the Disaster Management Act, 2005.

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