State Compensatory Afforestation Fund is primarily spent on afforestation to compensate for loss of forest cover, regeneration of forest ecosystem, wildlife protection and infrastructure development.
Rate of interest on ‘State Compensatory Afforestation Fund (SCAF)’ will be 3.35% per annum for the Financial Year 2021-2022, as notified by the National Authority, Ministry of Environment, Forest & Climate Change, Govt of India
Governor has been pleased to decide that the rate of interest on ‘State Compensatory Afforestation Fund [SCAF]’ will be 5.5% per annum and 3.5% per annum for the financial year 2019-20 and 2020-21 respectively.
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