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Tuesday, 8 August 2017

Maharashtra to raise $270 m from Green Climate Fund


The 2030 Water Resources Group (2030WRG) will help the Maharashtra Government raise $270 million from the Green Climate Fund, which will be invested in integrated watershed programmes such as Jalyukt Shivar Yojana.

The Green Climate Fund (GCF) is a new fund under the UN and is guided by the principles and provisions of the UN Framework Convention on Climate Change. The 2030WRG is hosted by the International Finance Corporation and is a public-private-civil society collaboration for water resources reform in developing economies. Its ultimate aim is to close the gap between water demand and supply by the year 2030.

Important Takeaways from above News-
  • Devendra Fadnavis is incumbent Chief Minister of Maharashtra. 
  • International Finance Corporation or IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.
  • C Vidyasagar Rao is present governor of Maharashtra.
Source- The Hindu Business Line

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