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United Nations Capital Development Fund : Launched a White Paper

United Nations Capital Development Fund : Launched a White Paper

Atal Innovation Mission (AIM), NITI Aayog, and the United Nations Capital Development Fund (UNCDF) recently launched a white paper aimed at making India a global leader in agritech innovation.

  • United Nations Capital Development Fund (UNCDF) is the United Nations’ flagship catalytic financing entity for the world’s 46 Least Developed Countries (LDCs).
  • It is an autonomous, voluntarily funded UN organization, affiliated with the UN Development Programme (UNDP).
  • The original UNCDF mandate from the UN General Assembly (UNGA) 1966 Resolution is to “assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans”.
  • The mandate was modified in 1973 to serve first and foremost but not exclusively the LDCs.
  • It is the only UN agency mandated to focus primarily on the least developed countries (LDCs),
  • It works to invest and catalyse capital to support to LDCs in achieving ​the sustainable growth and inclusiveness envisioned by the 2030 Agenda for Sustainable Development and the Doha Programme of Action for the least developed countries, 2022–2031.
  • It provides investment capital and technical support to both the public and the private sectors.

Atal Innovation Mission (AIM):

  • AIM is the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country and was set up in 2016.
  • Objective is to create and promote an ecosystem of innovation and entrepreneurship across the country at school, university, research institutions, MSME and industry levels.
  • All the initiatives of AIM are currently monitored and managed systematically using real-time MIS systems and dynamic dashboards.
  • Implementing Agency: NITI Aayog