India showcases the world's largest Disaster Risk Reduction (DRR) financing system at UN disaster platform in Geneva

Prime Minister Mr. Narendra Modi’s Principal Secretary, Mr. P.K. Mishra, highlighted India’s robust Disaster Risk Reduction (DRR) financing system, which now exceeds Rs. 2,40,324 crore (US$ 28 billion) cumulatively, during his address at the eighth Global Platform for Disaster Risk Reduction (GPDRR) 2025 in Geneva. He emphasised the importance of concrete, time-bound outcomes and proposed the establishment of a global facility dedicated to catalytic funding, technical assistance, and knowledge exchange. He praised the United Nations Office for Disaster Risk Reduction (UNDRR) and its partners for convening the ministerial roundtable on DRR financing, noting India’s steady progression from a Rs. 8.6 crore (US$ 1 million) allocation in earlier finance commissions to a projected Rs. 3,60,486 crore (US$ 42 billion) under the 16th Finance Commission. This growth, he said, is anchored by a rule-based financing architecture supported by the Disaster Management Act of 2005, which has transformed disaster financing into a structured and predictable system flowing seamlessly from the national to state and district levels.
On the sidelines of the summit, he held bilateral discussions with key counterparts, including Kenya’s Cabinet Secretary, Mr. Kipchumba Murkomen, and the Philippines’ Secretary, Mr. Renato U. Solidum Jr., focusing on strengthening cooperation in disaster risk reduction, sharing best practices, and building resilient communities. India’s DRR financing framework, the largest nationally anchored system worldwide, exemplifies its commitment to resilience amid escalating climate and disaster risks. Under the visionary leadership of Prime Minister Mr. Narendra Modi, India continues to lead efforts towards resilient and sustainable disaster management, fostering international collaboration to secure safer futures.

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