India Showcases World’s Largest Disaster Risk Reduction Financing System at the 8th GPDRR 2025 | Current Affairs | Vision IAS
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India Showcases World’s Largest Disaster Risk Reduction Financing System at the 8th GPDRR 2025

Posted 06 Jun 2025

2 min read

At the 8th Global Platform for Disaster Risk Reduction (GPDRR) 2025 in Geneva, India identified the absence of a dedicated international financial mechanism to support establishment of DRR financing systems.

  • In this regard, India called for the creation of a global facility, backed by the UN system & multilateral financial institutions, to provide catalytic funding, technical assistance, and a platform for knowledge exchange.

India’s Disaster Risk Reduction (DRR) Financing System

  • India’s Philosophy: India believes in a strong and responsive DRR financing architecture as a cornerstone of resilience.
  • India’s Progress in DRR Financing:
    • Initial Allocations: Early Finance Commissions allocated INR 60 million (~USD 0.7 million).
    • Current Allocations: Under the 15th Finance Commission, the allocation exceeds INR 2.32 trillion (~USD 28 billion).
  • DRR Finance Mechanism: India follows a pre-determined, rule-based allocations flowing from national to state and district levels, supported by the Disaster Management Act of 2005. 
    • This transformation ensured that disaster financing is structured and predictable rather than reactive.
  • India’s DRR financing approach built on four key principles:
    • First, Dedicated financial windows for preparedness, mitigation, relief, and recovery.
    • Second, Prioritization of the needs of affected people and vulnerable communities. 
    • Third, Accessibility of financial resources across all government levels—central, state, and local. 
    • Fourth, Accountability, transparency, and measurable outcomes guiding all expenditures.

Related News

African Union Joins Coalition for Disaster Resilient Infrastructure (CDRI) as 54th Member

  • This announcement came on the margins of the 8th GPDRR 2025 in Geneva. 
  • About GPDRR (established in 2006)
    • Theme of the GPDRR, 2025: "Every Day Counts, Act for Resilience Today."
    • It is a global forum where participants take stock of progress, share new knowledge, exchange best practice and discuss the latest developments and trends in reducing disaster risk.
    • The UN General Assembly recognizes the GPDRR as a critical mechanism to review progress on the implementation of the Sendai Framework for DRR.
  • Tags :
  • Coalition for Disaster Resilient Infrastructure
  • Disaster Management Act of 2005
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