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The main features of “Clean Ganga Fund (CGF)” are:
Considering that there is a need to increase people’s participation from across the country and abroad, it is proposed to set up a “Clean Ganga Fund (CGF)” with voluntary contributions.
♤ CGF will have the objective of contributing to the national effort of improving the cleanliness of the river Ganga with the contributions received from the residents of the country, NRIs/ PIO and others.
♤ CGF will be operated through a bank account by a Trust to be headed by the finance minister. The secretariat of the Trust will be set up in Ministry of Water Resources, River Development and Ganga Rejuvenation under the Mission Director, Clean Ganga.
♤ Domestic donors to the fund shall be eligible for tax benefits as in the case of “Swachch Bharat Kosh”. Foreign donors could get suitable tax exemptions in domestic law, wherever permissible.
♤ CGF will explore the possibility of setting up daughter funds in other jurisdictions/countries of high donor interest such as USA, UK, Singapore, UAE, etc. to enable tax benefits to donors in their respective jurisdictions.
♤ CGF will be catalytic in nature and will identify and fund specific projects which could be pilot projects, R&D projects, innovative projects or other focused projects. The Fund will define specific and measurable objectives to form the basis for planning, funding, and evaluation.