New Delhi: With climate change posing one of the biggest challenges before the country, Finance Minister Pranab Mukherjee Monday announced Rs.600 crore for protection and regeneration of forests, environmental management and cleaning of rivers and lakes.
Presenting the union budget 2011-12, Mukherjee said protection and regeneration of forests has great ecological, economic and social value.
"Our government has launched an ambitious 10-year Green India mission. I propose to allocate Rs.200 crore from the National Clean Energy Fund to begin its implementation in 2011-12," he said.
The National Mission for a Green India, part of the country's plans to fight climate change, was approved by the Prime Minister's Council on Climate Change last week.
The mission, one of the eight under the National Action Plan on Climate Change (NAPCC), projects an ambitious target of 10 million hectares of forest cover by 2020 at a cost of Rs.460 billion (Rs.46,000 crore or $10 billion).
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