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National Adaptation Fund for Climate Change (NAFCC) is a flagship Scheme of GoI, which provides
100% grant to the State Governments for implementing climate change adaptation projects. The Scheme
is designed to fulfill the objectives of National Action Plan on Climate Change (NAPCC) and to
operationalize the State Action Plans on Climate Change (SAPCCs).
Environment Ministry approved three projects for climate change adaptation in three states of Rajasthan,
Gujarat and Sikkim for funding under NAFCC .
The projects address vulnerabilities in climate sensitive sectors like agriculture, animal husbandry, water,
forests and coasts among others. The project outcomes are expected to increase resilience and adaptive
capacity of vulnerable communities and ecosystems against climate change impacts.
GoI is encouraging States to come up with innovative and scalable projects to develop resilience against
climate change and mainstream it in the planning processes.
Green Climate Fund (GCF) is one of the operating entities under financial mechanism set up under United
Nations Framework Convention on Climate Change (UNFCCC) to provide support to developing
countries in combating climate change, with resources to be generated from funding by developed
country Parties and various other public and private sources.
It supports both climate change adaptation and mitigation projects in developing countrie.
So far, one project from India on Installation of Ground Water Recharge System in Odisha has
recently been approved by the GCF
India has nominated a total of five direct access entities for accreditation by the GCF. Two of
these from the public sector and three from the private sector for accreditation by the GCF.
Public sector entities are NABARD and Small Industries Development Bank of India (SIDBI).
Private sector entities nominated are YES Bank, IDFC Bank and IL&FS Environmental Services.
NABARD is the first entity from India to be accredited as Direct Access Entity (DAE). So far,
NABARD and SIDBI have been accredited by the GCF.