Question raised in Rajya Sabha on disaster risk financing, 20/07/2022. The disaster risk financing mechanism is based on the recommendations of the successive Finance Commissions. The Fifteenth Finance Commission has recommended the creation of National Disaster Risk Management Fund (NDRMF) and State Disaster Risk Management Fund (SDRMF) for a period from 2021-22 to 2025-26. For this, an amount
of Rs. 68,463 crore is allocated for NDRMF and Rs. 1,60,153 crore for SDRMF.