Yogi government to distribute Rs 25.45 lakh to 401 farmers- Carbon Credit Finance Scheme empowers farmers, promotes green growth.

• Farmers to earn $6 per carbon credit from the saplings they plant under the scheme
• Initiative supports India’s journey towards carbon neutrality by 2070

Lucknow: The Yogi Adityanath-led Uttar Pradesh government is successfully implementing the Carbon Credit Finance Scheme to promote environmental protection and strengthen the economic well-being of farmers. This innovative initiative is not only proving to be a blessing for the environment, but is also emerging as a sustainable source of additional income for farmers.

So far, Rs 49.55 lakh has already been distributed to 244 farmers under the scheme. In the next phase, the government is set to disburse Rs 25.45 lakh to 401 more farmers, with the process officially initiated by CM Yogi Adityanath during the state-wide plantation drive in Ayodhya Dham.

Uttar Pradesh is the first state in the country to implement such a carbon finance model. In the first phase, farmers from Gorakhpur, Bareilly, Lucknow, Meerut, Moradabad, and Saharanpur divisions have been included. Through agroforestry, these farmers have collectively generated an estimated 42.19 lakh carbon credits. At the rate of $6 per carbon credit, the distribution takes place every five years.

As part of the ongoing disbursement, Mamta Pal (Rampur), Raman Singh (Saharanpur), and Shiv Kumar (Meerut’s Manpuri village) were honored by CM Yogi with carbon credit cheques during the Ayodhya event. Additionally, an advance payment of Rs 25 lakh was made to the Dudhwa Tiger Conservation Foundation. In the second phase, the scheme will be extended to Devi Patan, Ayodhya, Jhansi, Mirzapur, Kanpur, Varanasi, and Aligarh divisions, and eventually rolled out across the entire state in phase three.

The farmers selected under this phase include those from Badaun, Pilibhit, Shahjahanpur, and Bareilly (Bareilly division); Bijnor, Najibabad, Sambhal, Rampur (Moradabad division); Ghaziabad, Baghpat, Bulandshahr, Gautam Buddha Nagar, Hapur, and rural areas of Rampur (Meerut division). In Gorakhpur division, the districts of Deoria, Kushinagar, and Gorakhpur are included, while in Lucknow division, the districts of Hardoi, South Kheri , Raebareli, Sitapur, and Unnao are covered.

The scheme is being implemented in collaboration with The Energy and Resources Institute (TERI). Under this model, one carbon credit is issued for every metric ton of carbon dioxide or other greenhouse gases absorbed from the atmosphere. The scheme not only supports India’s climate goals, but also enhances farmers’ incomes.

 By participating in this programme, farmers can earn Rs 250 to Rs 350 per tree apart from the standard market price of the tree. This initiative will significantly improve farmers’ financial conditions while simultaneously contributing to environmental conservation.

The scheme aligns with the Government of India’s goal to achieve carbon neutrality by 2070 and stands as a landmark step toward that vision.

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