Chandigarh, July 16
To tackle any unforeseen natural disaster, Chief Minister Bhagwant Mann has given approval to the State Disaster Mitigation Fund (SDMF).
It had been constituted under Section 48 (1)(c) of the Disaster Management Act, 2005.
With this, projects related to mitigation measures would be launched, Mann said, expressing hope that these measures would help the state in coping with and mitigating natural calamities.
The Chief Minister further said the fund had been constituted on the recommendations of the 15th Finance Commission.
“From 2021 to 2026, the state’s share in the SDMF will be 25 per cent, while the Centre’s share will be 75 per cent. An amount of Rs 729.60 crore will be available in the SDMF from 2021 to 2026. This will be instrumental in further augmenting the preparedness of the state for any sort of natural disaster,” Mann noted.
Disaster mitigation fund of Punjab gets CM nod
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