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National Adaptation Fund for Climate Change (NAFCC)

February 5, 2022
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National Adaptation Fund for Climate Change (NAFCC)
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In news– As per the Ministry of Environment, Forest and Climate Change, NAFCC is implemented in project mode and till date, 30 projects are sanctioned in 27 States and UTs.

About NAFCC-

  • It was established in 2015-16 to support adaptation activities in the States and Union Territories (UTs) of India that are vulnerable to the adverse effects of climate change.
  • The projects related to adaptation in sectors such as agriculture, animal husbandry, water, forestry, tourism etc. are eligible for funding under NAFCC. 
  • National Bank for Agriculture and Rural Development (NABARD) is the National Implementing Entity (NIE)  for implementation of adaptation projects under NAFCC.
  • Under this arrangement, NABARD would perform roles in facilitating identification of project ideas/concepts from State Action Plan for Climate Change (SAPCC), project formulation, appraisal, sanction, disbursement of funds, monitoring & evaluation and capacity building of stakeholders including State Governments.
  • The States/UTs are required to prepare the project proposal in consultation with NABARD. 
  • Then the project proposals are required to be approved by the State Steering Committee on Climate Change to be eligible for consideration under NAFCC.

NAFCC outcome Framework-

Fund level outcome parameters will consist of the following :

  • Reduced key risks and adverse impacts of climate change in water and agriculture sectors
  • Maximized multi-sectoral, cross-sectoral benefits/co-benefits to meet the challenges of water and food security
  • Human development, poverty alleviation, livelihood security an enhanced awareness of community
  • Strengthened institutional & individual capacity to reduce risks associated with climate-induced socioeconomic and environmental losses
  • Strengthened awareness and ownership of adaptation and climate risk reduction processes at local level vi. Increased adaptive capacity within relevant development and natural resource sectors
  • Increased ecosystem resilience in response to climate change and variability-induced stress
  • Diversified and strengthened livelihoods and sources of income for vulnerable people in targeted areas
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Source: PIB
Tags: PIBPrelims

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