Compensation for those who lost shops in Wayanad landslides
GS2Polity · Governance · IR· Poverty, hunger & nutrition· Prelims·
Why in news
The Union Cabinet approved a compensation package for businesses and building owners affected by the 2024 Wayanad landslides to facilitate economic recovery.
Background
The Cabinet approved ₹7 lakh for destroyed shops and up to 50% of losses for entrepreneurs (capped at ₹20 lakh for manufacturing, ₹10 lakh for services, and ₹7 lakh for trade). The compensation will be disbursed from the Chief Minister’s Distress Relief Fund by the Wayanad District Collector.
Facts for Prelims
- FactCompensation for destroyed shops: ₹7 lakh
- FactMaximum loss compensation for manufacturing: ₹20 lakh
- FactMaximum loss compensation for service sector: ₹10 lakh
- FactMaximum loss compensation for trade sector: ₹7 lakh
- BodyChief Minister’s Distress Relief Fund: Source of compensation funds
For Mains
Q. Discuss the importance of disaster-resilient infrastructure and effective compensation mechanisms in mitigating the socio-economic impact of natural calamities in ecologically sensitive zones.
Dimensions to cover in your answer
- Fiscal mechanism: Utilization of state-level relief funds for disaster-induced economic rehabilitation
- Sectoral disparity: Differential compensation caps based on manufacturing, service, and trade output
- Administrative bottleneck: Role of District Collectors in ensuring equitable distribution of relief funds
Keywords: Disaster Management · Socio-economic rehabilitation · Climate Resilience · Fiscal Federalism · Relief Distribution
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.