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4.4 Channelling Funds into Projects Focussed on Climate Adaptation and Mitigation

NABARD serves as the National Implementing Entity (NIE) for the Adaptation Fund (AF) under the United Nations Framework Convention on Climate Change (UNFCCC) and the National Adaptation Fund for Climate Change (NAFCC), as well as the Direct Access Entity (DAE) for the Green Climate Fund (GCF) under the UNFCCC.

In this capacity, NABARD facilitates projects aimed at enhancing groundwater resources, ensuring food security, promoting economically viable solar models, and augmenting green cover through integrated farming practices. These initiatives support vulnerable and marginalised communities in adapting to climate change by fostering sustainable livelihoods.

By fostering partnerships with local governments, NGOs, and private sector entities, NABARD ensures a holistic approach to rural development. The emphasis on community participation not only strengthens the resilience of these communities but also promotes a sense of ownership and responsibility towards environmental conservation.

  • NABARD, in its capacity as National Implementing Entity (NIE) to Adaptation Fund, accessed funds amounting to USD 9.94 million for supporting 06 concrete adaptation projects and 02 technical assistance projects, across India. These projects benefited 57,802 vulnerable people in 06 States with impact across sectors like water management, coastal resource management, food security, agriculture, food system conservation and livelihoods.
  • GCF is one of the largest climate financing mechanisms which finances both mitigation and adaptation projects. NABARD is eligible to submit projects of large size having an outlay of more than USD 250 million. Under GCF, two proposals submitted by NABARD were sanctioned, targeting both mitigation and adaptation measures.
  • Under the National Adaptation Fund for Climate Change (NAFCC), grants totalling ₹ 8.39 crore were allocated to 30 projects across 26 States and 2 Union Territories. These projects aim to mitigate the impact of climate change on key sectors such as water management, agriculture, livestock, coastal areas, and forest ecosystems.

Progress Under the Climate Change Funds

Supporting the Vulnerable Communities(in million)

The Decarbonisation Impact