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

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

The Financing Agreement for World Bank (IDA) assistance of US$ 308.40 million for National Cyclone Risk Mitigation Project-II (NCRMP-II) was signed between Government of India and the World Bank here today. 

The objective of NCRMP-II is 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; and increase the capacity of the State entities to effectively plan for and respond to disasters. 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 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.

NCRMP-II has four components which are: (i) Early Warning Dissemination Systems; (ii) Cyclone Risk Mitigation Infrastructure; (iii) Technical Assistance for Multi-Hazard Risk Management; and (iv) Project Management and Implementation Support.

The project is implemented by the Ministry of Home Affairs through National Disaster Management Authority (NDMA). At the State level, it is executed by the respective State Disaster Management Authorities.