Government has established National Adaptation Fund on Climate Change: Javadekar

Government has established the National Adaptation Fund on Climate Change (NAFCC) with a budget provision of Rs.350 crores for the year 2015-16 and 2016-17, with an estimated requirement of Rs.181.5 crores for financial year 2017-18. The objective of the fund is to assist State and Union Territories that are particularly vulnerable to the adverse effects of climate change in meeting the cost of adaptation. The National Bank for Agriculture and Rural Development (NABARD) has been appointed as National Implementing Entity (NIE) responsible for implementation of adaptation projects under the (NAFCC). The templates for project preparation and guidelines for implementation of the project have been prepared. The guidelines have outlined the objective, priorities, eligible activities, approval process, implementation, monitoring and evaluation mechanism. The focus of the fund is to assist adaptation projects and programmes to support concrete adaptation activities that reduce the effects of climate change facing communities and sectors.

As of now, there is no provision for any external assistance to be credited to NAFCC. The scheme has been recommended and approved by the competent authority in the month of July, 2015. As such no financial support from NAFCC has been provided so far for adaptation activities under National Action Plan on Climate Change (NAPCC) and State Action Plan on Climate Change (SAPCC).

The Adaptation Fund is to assist States that are particularly vulnerable, based on the needs and priorities identified under the SAPCC and the relevant Missions under NAPCC.

Powered by Capital Market - Live News