"Climate changes is a reality which all of us have to face together," Finance Minister Arun Jaitley said while presenting his maiden budget for 2014-15.
He said that as an initial sum, an amount of Rs 100 crore will be transferred to the fund adding that agriculture as an activity is most prone to the vagaries of climate change.
The Budgetary allocation for the Environment ministry for 2014-15 is Rs 2,043 crore against last year's allocation of Rs 2,430 crore.
Laying thrust on increasing the country's capacity for Himalayan studies, the government also allocated Rs 100 crore for setting up of a National Centre for Himalayan Studies in Uttarakhand.
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"What we had suggested, all the programmes and schemes have been sanctioned. We flagged schemes in environment - Himalayan initiative, Ganga Initiative, river development, climate adaptation fund and afforestation.