What is the News?
Department of Economic Affairs (DEA), Ministry of Finance, Government of India, in collaboration with the United Nations Development Programme India launched the Sustainable Finance Collaborative with UNDP.
Key aspects of Sustainable Finance Collaborative with UNDP
- Objective behind the collaboration is to work together to boost the country’s efforts on mobilising sustainable and green finance.
- Sustainable Finance Collaborative is a strong step towards putting in place a robust financing framework for India’s sustainable growth and development.
SGD and Need for Finance Collaboration
- It was estimated that India needs over USD 2.6 trillion to meet the SDG targets by 2030.
- India will continue to pursue the implementation of the SDG agenda through close collaboration between
the national and sub-national governments. - NITI Aayog is promoting a national network of resource institutions called Samavesh to promote systematic and regular access
- Performance of Various States
- Andhra Pradesh as part of its Vision 2029 has identified indicators for each of the 17 SDGs.
- Assam has set up a Centre for SDGs under the Planning and Development Department and an integrated
framework for implementation has been adopted. - Kerala has set up elaborate indicators and standards for achieving the SDG 3 on health.
- Tamil Nadu focuses on infrastructure development.
- Maharashtra is focused on balanced regional development and emphasizes sustainable livelihoods initiative for management of land, water and forest
- Poverty Reduction programs through schemes like
- Mahatma Gandhi National Rural Employment Guarantee Act
- Deendayal Antyodaya Yojana
- Pradhan Mantri Jan-Dhan Yojana access to the entire financial services
Source : PIB
Topic :
Prelims : SDG
GS III : Conservation, environmental pollution and degradation, environmental impact assessment
Current Affairs Compilation : 29 August 2020