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India signed Grant Agreement of 8 million US dollars with World Bank for funding SLACC Project

Feb 17, 2015 13:16 IST

India on 13 February 2015 signed grant agreement of 8 million US dollars with World Bank (WB) for funding Sustainable Livelihoods and Adaptation to Climate Change (SLACC) Project.

The amount will be used to implement special projects under SLACC to improve adaptive capacity of the rural poor engaged in farm-based livelihoods to climate change in Bihar and Madhya Pradesh.

This grant is in addition to National Adaptation Fund (NAF) set up by the Union government in 2014 for which 100 crore rupees were set aside for taking up agriculture adaptation measures.

Besides, the Union Ministry of Environment, Forest and Climate Change had started the process of selecting agencies for implementing climate change mitigation and adaptation projects using the Green Climate Fund (GCF).

GCF is a global fund set up under the United Nations Framework Convention on Climate Change (UNFCCC) in 2010. The fund targets to be 100 billion US dollar by 2020. It is meant to assist developing countries in promoting low-emission and climate-resilient development.

About SLACC Project

SLACC project aims to improve the adaptive capacity of the rural poor to climate variability and change affecting farm based livelihoods, through community based interventions.

The key beneficiaries of SLACC project will be the rural-poor supported by the National Rural Livelihoods Mission (NRLM) including, self-help groups of women and their federations, common interest/producer groups such as farmers’ groups, livestock rearers’ groups, and their higher order collectives such as producer companies.

NRLM under the Union Ministry of Rural Development is the implementing agency of the SLACC Project.

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