National Adaptation Fund for Climate Change

Why is it in news?

National Adaptation Fund for Climate Change is said to have received less attention in this year’s budget.

Details

• The National Adaptation Fund for Climate Change (NAFCC) is a Central Sector Scheme which was set up in the year 2015-16.
• The overall aim of NAFCC is to support concrete adaptation activities which mitigate the adverse effects of climate change.
• The activities under this scheme are implemented in a project mode.
• 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).
• The States/UTs are required to prepare the project proposal in consultation with NIE i.e. NABARD
• The project proposals are required to be approved by the State Steering Committee on Climate Change to be eligible for consideration under NAFCC.
• It is the discretion of the State Government to engage any organization to assist in project preparation, as per their requirement.

Source

PIB, Economic Times