(1)The State Government shall, immediately after notifications issued for constituting the State Authority and the District Authorities, establish for the purposes of this Act the following funds, namely:—
(a)the fund to be called the State Disaster Response Fund;
(b)the fund to be called the District Disaster Response Fund;
(c)the fund to be called the State Disaster Mitigation Fund;
(d)the fund to be called the District Disaster Mitigation Fund.
(2)The State Government shall ensure that the funds established—
(i)under clause (a) of sub-section (1) is available to the State Executive Committee;
(ii)under sub-clause (c) of sub-section (1) is available to the State Authority;
(iii)under clauses (b) and (d) of sub-section (1) are available to the District Authority.