India has inaugurated its first farm-level soil carbon payment initiative at the Punjab Agricultural University (PAU) in Ludhiana, Punjab.
The payments are distributed as part of the ‘Aadi’ farmer carbon programme, which was launched by Grow Indigo in 2019 under the technical guidance of the Indian Council of Agricultural Research (ICAR). A total of 2,550 smallholder farmers from Punjab and Haryana will receive disbursements of over ₹2.9 crore for implementing verified regenerative agricultural practices.
It is to be noted that the initial phase of the project covered 30,000 acres and generated over 50,000 verified carbon credits. Individual payouts to the farmers ranged from ₹3,000 to ₹15,000, depending on the volume of verified carbon credits generated from the landholdings.