Union Government of India and World Bank signed 308.40 million US dollar credit agreement in support of the second phase of the ‘National Cyclone Risk Mitigation Program’ (NCRMP-II).
The agreement was also signed by the state Governments of Goa, Gujarat, Karnataka, Kerala, Maharashtra, and West Bengal.
The agreement was signed by Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of the Union Government and John Blomquist, Program Leader and Acting Country Director in India, on behalf of the World Bank.
The Project Agreements in respect of the States of Goa, Gujarat, Karnataka, Kerala, Maharashtra and West Bengal were signed by the representatives of the respective State Governments.
The primary beneficiaries of NCRMP-II will be coastal communities in the target states benefitting from cyclone risk mitigation infrastructure and early warning systems.
The project will be implemented by the Ministry of Home Affairs through National Disaster Management Authority (NDMA) and at the state level, it will be executed by the respective State Disaster Management Authorities.