Consider the following statements with reference to the National Compensatory Afforestation Fund:
1. It is created under the Public Accounts of India by Compensatory Afforestation Fund (CAF) Act, 2016.
2. From the fund 90% of the money is to be given to the states while 10% is to be retained by the Centre.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2