Consider the following statements about National Adaptation Fund for Climate Change 1 ...........

Environment and Ecology Envirnment and Climate Change

Consider the following statements about National Adaptation Fund for Climate Change:

1. The fund provides central assistance to the tune of 60:40 ratios for states other than special category states and 90:10 ratios for special category states.

2. National Bank for Agriculture and Rural Development (NABARD) is the National Implementing Entity behind the adaptation projects under the NAFCC.

Which of the above statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

NAFCC is a flagship Scheme of Union Government launched in 2015 to provide 100% central grant to the State Governments for implementing climate change adaptation projects. The Scheme has been designed to fulfill objectives of National Action Plan on Climate Change (NAPCC) and operationalize State Action Plans on Climate Change (SAPCCs).
The objective of NAFCC is to assist states/UTs that are particularly vulnerable to adverse effects of climate change in meeting the cost of adaptation. Under it, Union Government encourages States to come up with innovative and scalable projects to develop resilience against climate change and mainstream it in the planning processes. The National Bank for Agriculture and Rural Development (NABARD) is National Implementing Entity (NIE) responsible for implementation of adaptation projects under NAFCC.