Disaster Management in Fisheries

5.1.6 Incentives and resources for mitigation

To a very large extent, the success of mitigation programs will depend upon the availability of continued funding. So there is a need to develop mechanisms to provide stable sources of funding for all mitigation programs. This will include incentives for the relocation of commercial and residential activities outside the disaster-prone areas. Housing finance companies should make it mandatory for structures in such hazard-prone areas to follow special building specifications. The introduction of disaster-linked insurance should be explored and should cover not only life but also household goods, cattle, structures and crops.