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Q:

Which one of the following statements about the National Adaptation Fund for Climate Change is not correct?

A) The fund is meant to assist national and State level activities to meet the cost of adaptation measures. B) This scheme has been taken as a Central Sector Scheme.
C) The Indian Council of Agricultural Research is the national implementing entity for the fund. D) The scheme has been in force since

Answer:   C) The Indian Council of Agricultural Research is the national implementing entity for the fund.



Explanation:

Government has established the National Adaptation Fund on Climate Change (NAFCC) with a budget provision of Rs.350 crores for the year 2015-16 and 2016-17, with an estimated requirement of Rs.181.5 crores for financial year 2017-18. The objective of the fund is to assist State and Union Territories that are particularly vulnerable to the adverse effects of climate change in meeting the cost of adaptation. The National Bank for Agriculture and Rural Development (NABARD) has been appointed as National Implementing Entity (NIE) responsible for implementation of adaptation projects under the (NAFCC).

Subject: General Awareness
Exam Prep: Bank Exams
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