With reference to the National Adaptation Fund for Climate Change (NAFCC), which of the following statements are correct? 1. Agriculture, water management, and forestry are prioritized for funding under NAFCC. 2. Only those projects that align with State Action Plans on Climate Change (SAPCCs) are chosen by NAFCC for funding. 3. National Bank for Agriculture and Rural Development (NABARD) serves as the National Implementing Entity (NIE) for the NAFCC. Select the correct answer using the codes given below: |ForumIAS

Q. With reference to the National Adaptation Fund for Climate Change (NAFCC), which of the following statements are correct?
1.Agriculture, water management, and forestry are prioritized for funding under NAFCC.
2.Only those projects that align with State Action Plans on Climate Change (SAPCCs) are chosen by NAFCC for funding.
3.National Bank for Agriculture and Rural Development (NABARD) serves as the National Implementing Entity (NIE) for the NAFCC.
Select the correct answer using the codes given below:

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Explanations –

Statements 1, 2 and 3 are correct. Agriculture, water management, and forestry are prioritized for funding under NAFCC. The fund supports projects aimed at enhancing climate resilience in these sectors, aligning with India’s adaptation needs. Only projects that align with the State Action Plans on Climate Change (SAPCCs) are considered for funding by NAFCC. This ensures that funded initiatives are in line with state-specific climate adaptation strategies. The National Bank for Agriculture and Rural Development (NABARD) serves as the National Implementing Entity (NIE) for the NAFCC. NABARD is responsible for coordinating with state governments and executing agencies, overseeing project implementation, and ensuring compliance with financial and reporting norms.

Source: AIR

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