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TN Endangered Species Conservation Fund
December 5 , 2024
9 days
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- The TN State government has issued an order to establish the Tamil Nadu Endangered Species Conservation Fund with an initial corpus of ₹50 crore.
- It is aiming to protect the endangered and critically endangered species.
- The fund will begin with a contribution of ₹5 crore by the government.
- Additional funds are to be raised through government entities, corporate social responsibility contributions, and national and international donations.
- Additionally, the fund will explore the cultural preservation through the State’s Sacred Groves.
- It is leveraging the Tamil Nadu Preservation of Private Forests Act, 1949, and the Tamil Nadu Hill Preservation Act, 1955, to strengthen conservation efforts.
- The fund will be initially overseen by the Mudumalai Tiger Reserve Foundation.
- Later, the corpus will be held in the Tamil Nadu Power Finance Corporation or the Tamil Nadu Transport Development Finance Corporation until any further arrangements are made.
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