Indian Economy News

A High-Level Committee, under the chairmanship of Union Home Minister and Minister of Cooperation, Mr. Amit Shah, approves US$ 132.4 million (Rs. 1,115.67 crore) for disaster mitigation and capacity building projects for various states

A High-Level Committee chaired by Union Home Minister and Minister of Cooperation, Mr. Amit Shah, has approved US$ 132.4 million (Rs. 1,115.67 crore) for disaster mitigation and capacity-building projects in various states. The committee, which includes the Finance Minister, Agriculture Minister, and Vice Chairperson of the National Institution for Transforming India (NITI) Aayog, allocated US$ 118.7 million (Rs. 1,000 crore) for the National Landslide Risk Mitigation project across 15 states, including Uttarakhand, Himachal Pradesh, eight northeastern states, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Specific allocations include US$ 16.5 million (Rs. 139 crore) each for Uttarakhand and Himachal Pradesh, US$ 44.9 million (Rs. 378 crore) for the northeast, US$ 11.9 million (Rs. 100 crore) for Maharashtra, and US$ 8.5 million (Rs. 72 crore) each for Karnataka and Kerala, with US$ 5.9 million (Rs. 50 crore) each for Tamil Nadu and West Bengal. Additionally, US$ 13.7 million (Rs. 115.67 crore) was sanctioned for training and capacity building of Civil Defence volunteers across all states and Union Territories (UTs). These projects are funded under the National Disaster Mitigation Fund (NDMF) and the National Disaster Response Fund (NDRF).

To support Prime Minister Mr. Narendra Modi’s vision for a disaster-resilient India, the Ministry of Home Affairs, under Union Home Minister and Minister of Cooperation Mr. Amit Shah’s guidance, has taken significant steps to strengthen disaster risk management. In FY22-23, over US$ 2.55 billion (Rs. 21,476 crore) has been released to states, including US$ 1.77 billion (Rs. 14,878.40 crore) from the State Disaster Response Fund (SDRF), US$ 550.3 million (Rs. 4,637.66 crore) from NDRF, US$ 164.4 million (Rs. 1,385.45 crore) from the State Disaster Mitigation Fund (SDMF), and US$ 68.2 million (Rs. 574.93 crore) from NDMF. Earlier this year, US$ 364.9 million (Rs. 3,075.65 crore) was approved for Urban Flood Risk Mitigation in seven cities and US$ 17.8 million (Rs. 150 crore) for Glacial Lake Outburst Flood (GLOF) risk management in four states. These efforts aim to reduce the impact of disasters and safeguard lives and property across the country.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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