Climate Action & Sustainability Quiz

Questions and Answers

What amount was disbursed for various initiatives under CCF and CCF-ID?

₹ 5.00 crore

₹ 2.82 crore (correct)

₹ 1.50 crore

₹ 3.00 crore

Which organization provided support to the Technical Support Unit (TSU) set up at NABARD?

International Monetary Fund

World Health Organization

Asian Development Bank (correct)

European Union

What framework was NABARD implementing in collaboration with the Ministry of Agriculture and Farmers Welfare?

Carbon Neutrality framework

Sustainable Development Goals (SDG) framework

National Agricultural Policy framework

Voluntary Carbon Market (VCM) framework (correct)

Which body collaborated with NABARD for the Blended Finance Facility in Goa?

Government of Goa Signup and view all the answers

What project aimed at assisting smallholder farmers was initiated in collaboration with NABCONS?

Carbon Credit framework Signup and view all the answers

What is the primary purpose of NABARD's new Department of Climate Action and Sustainability (DCAS)?

To provide focused attention on climate action and sustainable operations Signup and view all the answers

Which digital public good did NABARD take over the hosting of?

Data in Climate Resilient Agriculture (DiCRA) Signup and view all the answers

Which international agency was not mentioned as part of the dialogue initiated post CoP 28?

OECD Signup and view all the answers

Which funding mechanism facilitated the sanction of forty climate action projects amounting to ₹1971.56 crore?

Green Climate Fund (GCF) Signup and view all the answers

What initiative was started concerning green literacy programs?

Designing Green Literacy programmes Signup and view all the answers

What was the main objective of the Policy framework for Green Taxonomy issued by NABARD?

To classify NABARD's portfolio and mobilize resources for green investments Signup and view all the answers

How much financial assistance was disbursed under the Green Climate Fund (GCF) for two specific projects during the year?

₹279.69 crore Signup and view all the answers

Which foundation was involved in supporting the Technical Support Unit at NABARD?

Bill & Melinda Gates Foundation Signup and view all the answers

What significant transition process did NABARD initiate during the financial year 2023-24?

Transition towards a Corporate Net Zero strategy Signup and view all the answers

What does SAPCC stand for in the context of identifying potential projects?

State Action Plan on Climate Change Signup and view all the answers

Which fund was created with RBI approval to support innovative small and mid-size projects focused on adaptation?

Climate Change Fund - Interest Differential (CCF-ID) Signup and view all the answers

What dual role does NABARD hold in funds related to climate action?

As both a Direct Access Entity (DAE) and National Implementing Entity (NIE) Signup and view all the answers

Which organization was among those to implement projects receiving GCF funding from NABARD?

Tata Capital Ltd. Signup and view all the answers

What was the significant outcome of the digitization efforts for NAB DDM-MIS as of April 2024?

The portal was rolled out in 19 states from April 2024. Signup and view all the answers

Which year is targeted for the system-generated PLPs to be prepared onwards?

2025-26 Signup and view all the answers

What was a key reason for revisiting the various Circulars/Guidelines/Instructions?

To adapt to the changing scenario and responsibilities of DDMs. Signup and view all the answers

What specific aspect of monitoring did the revised instructions focus on during 2023-24?

Fixation of timelines for submission of monitoring visit reports Signup and view all the answers

What was the purpose of the Standard Operating Procedure (SoP) forwarded to all ROs?

To outline expectations from NABARD at SLBC and BLBC/DCC meetings. Signup and view all the answers

Which of the following is NOT included in the digitization initiatives for PLP preparation?

Creating a physical storage system for data. Signup and view all the answers

How many states were involved in the initial pilot phase of the NAB DDM-MIS portal?

10 States Signup and view all the answers

What is the anticipated benefit of digitizing the preparation of PLPs?

Enhancing the accuracy and efficiency in report generation. Signup and view all the answers

Which revision occurred concerning the Monitoring Visit of Senior Officers at DDM Offices?

Instructions were updated to reflect changing responsibilities. Signup and view all the answers

What primary role of NABARD was reinforced through the review of SLBC meetings?

To strengthen its role in credit planning and monitoring. Signup and view all the answers

What was the purpose of the memorandum presented to the Executive Committee of the Board on 30 November 2023?

To review the performance under credit planning and the role of DDMs for the year 2022-23. Signup and view all the answers

In which states were the 19 Cluster Offices rolled out on a pilot basis during 2021-22?

Punjab, Haryana, and Telangana. Signup and view all the answers

Which institution was assigned the study on the evaluation of Cluster Offices?

Welingkar Institute of Management Development and Research, Mumbai. Signup and view all the answers

What was one of the objectives of the Committee reviewing the Institution of DDMs?

To align the DDM setup with corporate objectives and stakeholder expectations. Signup and view all the answers

How many Cluster Offices were rolled out in Tamil Nadu during 2022-23?

10 Cluster Offices. Signup and view all the answers

What aspect related to DDMs was included in the Terms of Reference (ToR) of the Committee?

Parameters for posting of DDMs and their grooming architecture. Signup and view all the answers

When was the study report on the performance of Cluster Offices presented?

28 August 2023. Signup and view all the answers

Which of the following was NOT mentioned as a focus area for the Committee reviewing the DDMs?

Revoking current DDM assignments. Signup and view all the answers

During which meeting was the study report on Cluster Offices placed for review?

253rd Board of Directors Meeting. Signup and view all the answers

What is the main objective of the ‘Integration of Watershed Development for Rehabilitation of Degraded Soils and Climate Change Adaptation’ programme?

To enhance soil health through climate-sensitive investments Signup and view all the answers

How much total financial assistance is provided by KfW for the watershed development programme?

Euro 19.5 million Signup and view all the answers

What is the duration of the Prosoil project supported by GIZ?

Until December 2024 Signup and view all the answers

Which organization is collaborating with NABARD to improve capacity building and policy formulation on climate change?

Asian Development Bank Signup and view all the answers

How many ROs were reviewed by the Chairman during 2023-24?

3 ROs Signup and view all the answers

Study Notes

Introduction

NABARD initiated the Department of Climate Action and Sustainability (DCAS) in FY 2023-24 to focus on climate action and sustainable operations.
Functions as a Direct Access Entity (DAE) to the Green Climate Fund (GCF) and National Implementing Entity (NIE) to Adaptation Fund (AF).
Facilitated the sanction of 40 climate action projects, totaling ₹1971.56 crore via GCF, AF, and NAFCC.

Major Developments (2023-24)

Policy Landscape

Issued policy framework and guidelines for Green Taxonomy, aiding classification of NABARD’s portfolios as 'green.'
Initiated transition towards Corporate Net Zero.

Climate Finance

Created the Climate Change Fund - Interest Differential (CCF-ID) to support innovative adaptation projects.
Re-accredited as DAE of GCF to enhance access to funding; ₹279.69 crore disbursed under GCF for projects by Tata Capital Ltd. and Odisha Community Tank Development & Management Society.
Additional ₹2.82 crore disbursed for various initiatives under CCF and CCF-ID.
Initiated development of green products such as climate-resilient dairy, solar agri pumps, rural electric mobility, and energy-efficient solutions.

Other Initiatives

Established a Technical Support Unit (TSU) in collaboration with ADB, BMGF, and Intellecap to support climate finance efforts.
Collaborated with the Ministry of Agriculture on Voluntary Carbon Market framework and signed MoUs for various initiatives.
Hosted Data in Climate Resilient Agriculture (DiCRA) platform post CoP 28 for agricultural and food system innovations.
Engaged with multiple international agencies like UNDP, ADB, and World Bank for collaborative projects.

Review of Credit Planning

Presented a memorandum on performance in credit planning and the role of District Development Managers (DDMs) during the Executive Committee meeting in November 2023.
19 Cluster Offices rolled out in various states; evaluation studies were conducted for their performance.

Digitization Efforts

Developed a portal for NAB DDM-MIS to streamline reporting, rolled out across 29 states.
Initiatives underway to digitalize preparation of Potential Linked Plans (PLP) for the year 2025-26.

Revision of Guidelines

Revised instructions regarding DDM monitoring visits considering changing roles and responsibilities.
Reviewed the conduct of State Level Bankers’ Committee (SLBC) meetings to reinforce NABARD's credit planning role.

Externally Aided Projects

Under KfW, NABARD is implementing a program focused on rehabilitation of degraded soils and climate change adaptation since 2016, supported by €19.5 million.
Collaborating with GIZ for the "Soil Protection and Rehabilitation for Food Security" project in select Indian districts, with a grant of €18.885 million, expected to finish by December 2024.
ADB aids NABARD for capacity building and policy formulation in climate change initiatives.

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Description

This quiz explores the initiatives and frameworks established by NABARD for climate action and sustainability. Delve into the newly founded Department of Climate Action and Sustainability and its role as a Direct Access Entity to various climate funds. Test your knowledge on the impact of these efforts in combating climate change.