In order to deliver increased focus towards climate action, the Department of Climate Action and Sustainability (DCAS) has been established in NABARD. With its agile and targeted focus NABARD is aiming to play a leading role in this domain towards a holistic, sustainable, climate resilient future.
The core functions of the department are as under
Core functions of the department
- Under its Climate Change agenda, NABARD aims to address the challenges posed by climate change, particularly in the areas of agriculture and rural livelihood sectors in India.
- NABARD, in the capacity of National Implementing Entity (NIE) to National Adaptation Fund for Climate Change (NAFCC) and Direct Access Entity (DAE) of Green Climate Fund (GCF), aims to channelise national, international and private finances for adaptation and mitigation activities in India. NABARD has also initiated the process of getting reaccredited as NIE with Adaptation Fund Board
- Climate Change Fund, augmented out of NABARD’s own profits, supports small sized innovative projects in climate change on pilot basis, apart from supporting activities for knowledge dissemination, awareness creation activities related to climate change
- NABARD facilitates identification of project ideas/concepts based on State Action Plan for Climate Change (SAPCC) and its implementation with an objective to promote climate resilient and sustainable development.
- Capacity building and sensitisation of stakeholders including State Governments, institution’s own staff and partner institutions on climate finance and accessing resources from National and International funding mechanisms.
Projects implemented by DCAS
- 1. Adaptation Fund: Under Adaptation Fund (AF), six concrete adaptation projects were approved by AFB with a total outlay of USD 9.8 million, benefitting 57,802 vulnerable people in six States viz. West Bengal, Andhra Pradesh, Madhya Pradesh, Uttarakhand and Tamil Nadu and Rajasthan, thereby exhausted the country cap of USD 10.0 million fixed by Adaptation Fund Board on an interim basis. The projects are in different stages of implementation.
Projects details are available at: Click Here
- 2. Green Climate Fund: NABARD was accredited as Direct Access Entity (DAE) in the 10th Board meeting of the Green Climate Fund (GCF) in July 2015 and reaccredited during on October 2022. NABARD is eligible to submit large size projects having outlay of more than USD 250 million. Under GCF, two proposals submitted by NABARD were sanctioned by GCF Board.
The details of the projects are as under:
|Name of the Project
|Total project outlay(USD)
|Project Co-Financing details(in USD)
|Line of credit for solar rooftop segment for commercial, industrial and residential housing sectors
|Tata Cleantech Capital Limited (TCCL)
|GCF- 100 mn
|TCCL- 100 mn
|Project Developer’s equity- 50 mn
|Ground water recharge & solar micro-irrigation to ensure food security and enhance resilience in vulnerable areas of Odisha
|Dept. of Water Resources, Govt. of Odisha
|GCF- 34.35 mn
|World Bank- 7.1 mn
|State Convergence fund and community- 124.9 mn
Additional projects details are available at: Click here
National Adaptation Fund For Climate Change:
- Adaptation Fund for Climate Change (NAFCC), 30 projects with total grant assistance of Rs.847.47 cr. were sanctioned to 25 States (viz. Punjab, Odisha, Himachal Pradesh, Manipur, Tamil Nadu, Kerala, Mizoram, Chhattisgarh, Meghalaya, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Haryana, West Bengal, Assam, Maharashtra, Gujarat, Sikkim, Rajasthan, Bihar, Uttar Pradesh, Jharkhand, Nagaland and Arunachal Pradesh and two UTs viz. Puducherry & Jammu). The implementation of NAFCC projects would address climate change related impact on major sectors like water management, agriculture, livestock, coastal and forest eco-system. Apart from 28 state/ UT specific -projects, two multi-state projects were also sanctioned. One Regional Project on ‘Climate Resilience Building in Rural Areas through Crop Residue Management” with aggregate grant assistance of Rs.120.66 cr. was sanctioned for implementation in Punjab, Haryana, Uttar Pradesh and Rajasthan states. Second, Another multi-state project on ‘Restoration of degraded landscapes to natural state of ecosystem for climate resilience and livelihood improvement of vulnerable communities’ with grant assistance of Rs.126.10 crore is being implemented in Rajasthan, Telangana and Maharashtra States.
Projects Details are available at: Click here
Climate Change Fund:
- Climate Change Fund (CCF) was set up in the year 2015-16 with initial outlay of Rs 5.00 crore from out of profit of NABARD. In year 2019 the fund outlay was enhanced to Rs.20.00 crore. The CCF is presently being used for promoting and supporting activities relating to Climate Change. Various interventions that would further NABARD’s interest in the areas of climate change adaptation and mitigation will receive priority under the fund. The disbursement during the FY 2022-23 stood at Rs. 2.53 Crore under CCF.
Climate Change Fund – Interest Differential
- In order to enhance Climate action through project based support with focus on adaptation, the present CCF has been augmented with Interest differential fund under guidelines and support of RBI. For the FY 2023-24, the amount is Rs. 65.37 crore.
E. Centre for Climate Change:
- The Centre for Climate Change setup by NABARD was formally inaugurated on July 20, 2018 at BIRD, Lucknow. The objectives of the Centre are to address capacity building needs of the stakeholders concerned, policy advocacy, promoting national and international collaboration by bringing in the knowledge, technology and finance for addressing the climate change related challenges and harnessing the opportunities emerging from climate change, particularly in rural areas and for vulnerable communities.
Shri Dinesh Poolakkunnath
Chief General Manager
NABARD, Head Office
4th Floor, ‘C’ Wing
Plot: C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East),
Tel: (+91) 022-68120077
E-mail Address: email@example.com