Make this your homepage
Business News
Home > Business News
India lagging on Adaptation Fund programmes: Economic Survey
TIWN
India lagging on Adaptation Fund programmes: Economic Survey
PHOTO : TIWN

New Delhi, Feb 1 (TIWN): Of the 30 sanctioned projects under National Adaptation Fund on Climate Change, important in view of increasing resilience, two have closed down while 28 are still going on much beyond the initial target time, the Economic Survey 2021-22 said.

"Of the 30 sanctioned projects under NAFCC, two projects - in Haryana and one regional project (covering Haryana, Punjab, Rajasthan and Uttar Pradesh) - have closed down," it said.

The programme was launched in August 2015 to meet the cost of adaptation to climate change for the state and Union Territories that are particularly vulnerable to the adverse effects of climate change, and projects with a total allocation of Rs 847.5 crore have been sanctioned from 2015-19.

This is an important Fund as India's climate actions, especially the adaptation efforts are largely financed domestically. Twelve projects were sanctioned in 2015-16, nine in 2016-17, six in 2017-18, and three in 2018-19 with funding ranging Rs 150 crore to Rs 250 crore.

Among the 28 projects across 26 states, two projects are in Tamil Nadu and one multi-state project covers Maharashtra, Rajasthan, and Telangana.

Add your Comment
Comments (0)

Special Articles

Sanjay Majumder Sanjay Majumder
Anirban Mitra Anirban Mitra