Disaster Risk Financing (DRF) is pivotal in enhancing the financial resilience of states, ensuring they possess the necessary resources to effectively respond to and recover from disasters. The XV Finance Commission introduced significant measures, including the establishment of the National Disaster Risk Management Fund (NDRMF) and State Disaster Risk Management Funds (SDRMF), aiming to bolster disaster preparedness and mitigation efforts at both national and state levels. As the XVI Finance Commission approaches, it is imperative to evaluate the successes and challenges of previous initiatives and chart a forward-looking strategy to strengthen DRF mechanisms.

In this context, the National Disaster Management Authority (NDMA), in collaboration with UNICEF and the World Food Programme (WFP), is convening a two-day workshop in New Delhi. This workshop will bring together representatives from all State Disaster Management Authorities (SDMAs), financial experts, policymakers, and international partners to deliberate on lessons learned from the XV Finance Commission and explore pathways for enhancing DRF under the XVI Finance Commission.