Amendment status not verified — confirm the current text below against the official source.
(1) The Central Government may, by notification in the Official Gazette, constitute a Fund to be called the National Disaster Mitigation Fund 1 [for meeting disaster mitigation needs] and there shall be credited thereto such amount which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide. 2 [(2) The Fund constituted under sub-section (1) , shall be applied in accordance with the guidelines laid down by the Central Government in consultation with the National Authority.]