Financing and Project Agreements 2013 , for Disaster Management

India Signed Financing and Project Agreements with World Bank for Disaster Management

The Union Government of India, the Government of Tamil Nadu and the Government of Puducherry signed the Financing and Project Agreements for World Bank assistance (IDA assistance) of 236 million US Dollar with the World Bank on 11 November 2013.

The agreements were signed for Tamil Nadu-Puducherry Coastal Disaster Risk Reduction Project (CDRRP).

The objective of the Project is to increase the resilience of coastal communities in Tamil Nadu and Puducherry, to a range of hydro-meteorological and geophysical hazards along with improving project implementation entities’ capacity to respond promptly and effectively to an eligible crisis or emergency.


The Project will have five components, which are- 
(i) Vulnerability Reduction; 
(ii) Sustainable Fisheries; 
(iii) Capacity building in Disaster Risk Management; 
(iv) Implementation Support; and 
(v) Contingency Emergency Response.

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