At Geneva's Global Platform for DRR, India calls for a global facility for catalytic funding in disaster risk reduction
Principal Secretary to the PM P K Mishra told a Ministerial Roundtable on Disaster Risk Reduction Financing in Geneva on 4 June 2025 that India wants a global facility for catalytic funding with technical assistance and knowledge exchange.
Summary
Principal Secretary to the Prime Minister Dr. P K Mishra addressed the Ministerial Roundtable on Disaster Risk Reduction (DRR) Financing in Geneva on 4 June 2025, during the 8th Global Platform for Disaster Risk Reduction, whose opening ceremony he attended on 3 June. He called for concrete, time-bound outcomes and the creation of a global facility for catalytic funding with technical assistance and knowledge exchange. Mishra said India's DRR financing system has grown into one of the world's largest nationally anchored mechanisms: early Finance Commission allocations amounted to INR 60 million, while the cumulative outlay under the 15th Finance Commission exceeds INR 2.32 trillion (about USD 28 billion). He stressed pre-determined, rule-based allocations from national to state and district levels, backed by the Disaster Management Act, 2005.
Key facts
- Date/place
- 4 Jun 2025, Geneva
- Forum
- Ministerial Roundtable on DRR Financing, 8th Global Platform for DRR
- India's ask
- Global facility for catalytic funding
- 15th FC DRR outlay
- Over INR 2.32 trillion (about USD 28 billion)
- Law
- Disaster Management Act, 2005
Practice MCQs 2 questions
Which edition of the Global Platform for Disaster Risk Reduction was held in Geneva in June 2025?
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Correct answer: C — 8th
P K Mishra attended the 8th Global Platform for Disaster Risk Reduction in Geneva, which opened on 3 June 2025.
According to P K Mishra at Geneva in June 2025, the cumulative disaster risk reduction outlay under the 15th Finance Commission exceeds
Show answer
Correct answer: B — INR 2.32 trillion
Mishra said the cumulative outlay under the 15th Finance Commission exceeds INR 2.32 trillion (about USD 28 billion), against early Finance Commission allocations of INR 60 million.