In August 2019 Ministry of Environment released the
Draft National Resource Efficiency Policy. It is a set of guidelines which envisions a future with environmentally
sustainable and equitable economic growth. The policy is guided by principle of reduction in primary resource consumption; creation of higher value with less material through resource efficient circular approach; waste minimization; material security and creation of employment opportunities and business model beneficial to cause of environment protection and restoration. It was based on the report of
NITI Aayog and
European Union titled,
The strategy on resource efficiency. The policy seeks to set up a
National Resource Efficiency Authority with core working group housed in the Ministry. It also plans to offer tax benefits on recycled materials and soft loans to set up waste disposal and material recovery facilities. As of 8 December 2021, some states have received more than Rupees 47,000 crore for afforestation. The states are directed to channel this amount as
compensatory afforestation which shall be used for plantations, assisted natural forest regeneration, forest fire-prevention, pest and disease control in forest, and expedite soil and moisture conservation works. ==See also==