Disasters and Financing are deeply interconnected.A major Disaster affects the economy of the nation as a whole and at the same time a effective disaster financing mechanism can restrict the impact of a disaster to a great Degree. The Indian Subcontinent is among the worlds most disaster prone areas, with 54% of land vulnerable to earthquakes, 8% vulnerable to cyclones and 5% vulnerable to floods.unique geo- climatic conditions make this region among the most vulnerable to natural disasters in the world. Also the fact that a majority of the people in the rural areas of India stil...