Grow Indigo and ICAR disburse India's first verified agricultural soil carbon credit payments

Grow Indigo, in partnership with the Indian Council of Agricultural Research (ICAR), distributed India's first verified agricultural carbon credit payments to over 2,500 smallholder farmers in Punjab and Haryana. These disbursements, averaging Rs 11,478 per farmer, were for practices adopted between 2019 and 2022 under the Verra VM0042 methodology. Grow Indigo provided upfront digital payments, funded by corporate funds, to overcome financial barriers for farmers transitioning to regenerative agriculture. The Aadi carbon farming programme used crop-simulation models and remote sensing to verify practices like direct-seeded rice and reduced tillage. This initiative aims to establish a scalable framework for incentivising soil health and climate resilience in Indian agriculture.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.