Government of India establishes National Adaptation Fund on Climate Change
The Government of India 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 NAFCC will be meant for assistance to the States and Union Territories that are vulnerable to Climate Change and help them adapt. NABARD (National Bank for Agriculture and Rural Development) will be responsible for the implementation of the adaptation projects and has been appointed as the National Implementing Entity (NIE).
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. 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. Shri Prakash Javadekar, the Minister of State for MoEF&CC (Independent Charge) informed the Lok Sabha today that the needy States and Union Territories will be identified based on the State Action Plan on Climate Change (SAPCC) and the relevant missions under NAPCC (National Action Plan on Climate Change).
He further said that as of now, there is no provision for any external assistance to be credited to NAFCC. The scheme has been recommended and approved 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).