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India Signs Financing Agreement with World Bank for US$ 308.40 Million for National Cyclone Risk Mitigation Project-II

August 13, 2024India & WorldOmkar Sawant

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).

World Bank

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.

National Cyclone Risk Mitigation Project-II (NCRMP-II)

Objective of NCRMP-II

  1. To reduce vulnerability to cyclone and other hydro-meteorological hazards of coastal communities in the states of Goa, Gujarat, Karnataka, Kerala, Maharashtra and West Bengal
  2. It aims at increasing the capacity of the State entities to effectively plan for and respond to disasters.
  3. The project will also finance technical assistance for strengthening of multi-hazard risk management at the national level and improving the quality of available information on multi-hazard risks for decision making across the country.

Four components of NCRMP

  • NCRMP-II has four components and they are
    1. Early Warning Dissemination Systems
    2. Cyclone Risk Mitigation Infrastructure
    3. Technical Assistance for Multi-Hazard Risk Management
    4. Project Management and Implementation Support

    Benefits of the NCRMP-II

    The primary beneficiaries of NCRMP-II will be coastal communities in the target states benefitting from cyclone risk mitigation infrastructure and early warning systems.

    Role of Disaster Management Authority

    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.

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