Overview

This book examines the political-economic perspective on the strategic dimensions of disaster risk financing in India. It argues that financing is an essential part of disaster governance and needs periodic review. While disaster governance is a relatively recent development in India, disaster financing began in 1957 with the introduction of the Margin Money Scheme by the Second Finance Commission. It also throws light on the Calamity Relief Fund and the State Disaster Risk Management Fund, which provide financial assistance to states to respond to disasters. This volume is divided into three parts. Part I covers the approaches, policies, and institutions involved in disaster risk financing in India. Part II provides a comprehensive analysis of the four strategic domains of the disaster risk funding: methodology and its revision; federal discourse on the notified list of disasters, disaster risk financing schemes, and additional funding for mitigation; inclusion of local governance in strengthening disaster governance; and India’s global outlook, policy, and reach for disaster assistance. Part III uncovers how resiliency can be achieved in Indian disaster risk financing through alternative sources of financing, disaster resilience infrastructure, and insurance coverage for disasters. This book will be useful to students, researchers, and teachers of political science, public administration, public policy, economics, and governance. It will also benefit the Centre and State Finance Commissions, policy makers and general readers.

Full Product Details

Author:   Sanjay Sharma
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
ISBN:  

9781041253457

ISBN 10:   1041253451
Pages:   234
Publication Date:   03 July 2026
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Forthcoming
Availability:   Not yet available  
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Table of Contents

Introduction PART I: DISASTER RISK FINANCING: ANALYSING APPROACHES, POLICIES AND INSTITUTIONS 1. Exploring the Approaches of Disaster Risk Financing 2. Disaster Risk Financing in India: Analysis of Policy Framework 3. Finance Commission: Engineering the Disaster Risk Financing Schemes PART II: STRATEGIC DOMAINS OF DISASTER RISK FINANCING 4. Methodology of Disaster Risk Financing in India: A Contested Domain 5. States’ Concern and Central Response for Disaster Risk Financing: Mapping the Federal Discourse 6. Local Governance: A Missing Pillar in Disaster Financing 7. Foreign Aid: Mapping India’s Global Outreach PART III: TRANSITIONING TO DISASTER RESILIENCE 8. Disaster Risk Financing in India: Exploring the Alternative Sources of Funding 9. Disaster Resilient Infrastructure: Locating Direction and Resources 10. Insurance and Disaster Risk Financing: Alleviating the Risk

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Author Information

Sanjay Sharma is Associate Professor in the Department of Politics and International Studies at Pondicherry University, India. Presently, he is on deputation as Head of the Research and Innovation Centre at the India International Institute of Democracy and Election Management (IIIDEM) in Delhi. He has more than 15 years of teaching and research experience. He has published high-quality research papers on Disaster Risk Financing in SAGE journals, completed two major projects, and co-authored one book titled Global Politics.

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