DM Act 47Chapter IX · Finance, Accounts and Audit
Section 47 · National Disaster Mitigation Fund
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(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.]
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.]
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