The money will be used to implement special projects to improve adaptive capacity of rural poor, engaged in farm-based livelihoods, to cope with climate change in Bihar and Madhya Pradesh.
The assistance fund, under Sustainable Livelihoods and Adaptation to Climate Change (SLACC), will basically be meant for projects that will help community institutions of the rural poor, particularly women farmers, to foster improved resilience in the production system in collaboration with government programs such as MGNREGS.
The National Rural Livelihoods Mission (NRLM) is the implementing agency of those projects. This Fund is in addition to what the government had set up last year as 'National Adaptation Fund' and set aside Rs 100 crore for taking up various adaptation measures in agriculture.
The environment ministry has, meanwhile, initiated the process to select agencies for implementing climate change mitigation and adaptation projects in the country utilizing Green Climate Fund (GCF) - a global fund which is meant for assisting developing countries for promoting low-emission and climate-resilient development.
Rich countries are supposed to contribute to the GCF that has, at present, a little over US $ 10 billion in its kitty. The Fund has target of US $ 100 Billion by 2020. All the developing countries are supposed to identify projects that can be implemented using the Fund that was set up under the United Nations Framework Convention on Climate Change (UNFCCC) in 2010.
India, as an eligible country, has access to the GCF and can seek financial support to undertake adaptation and mitigation activities at national and regional level.
The environment ministry, which had sought applications from eligible institutions and bodies for selection as National Implementing Entity (NIE) for the Fund, received many requests till Thursday - the last day of sending applications. Once India identifies its NIE, it will be accredited by the GCF Board which supervises the operation of green climate fund and approves projects for mitigation and adaptation activities in developing countries.
The Fund is governed and supervised by a Board which has full responsibility for funding decisions. India is one of the 24 GCF Board members. Its secretariat is located at Songdo, Incheon in South Korea.
http://timesofindia.indiatimes.com/followceleb.cms?alias=World Bank,UNFCCC,NRLM,Green Climate Fund,Climate
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