Punjab and Haryana Rice Farmers to Receive Carbon Credits by FY26-End
Rice farmers in Punjab and Haryana are set to receive carbon credits by the end of FY26 for implementing sustainable practices on 30,000 acres, generating over 50,000 credits. This initiative, spearheaded by Grow Indigo, aims to boost farmer incomes through the sale of credits valued between $10 and $40 each, with a target of one million credits annually by 2027. The program, compliant with Verra's carbon standard, promotes methods such as direct seeding and low tillage.
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Rice farmers in Punjab and Haryana will begin receiving carbon credits by the end of FY26 for sustainable practices, covering 30,000 acres and generating over 50,000 credits. The initiative, led by Grow Indigo, aims to increase farmer incomes by selling credits to industries unable to reduce carbon footprints.
Registered farmers can earn one credit per acre annually, valued between $10 and $40, with a goal to generate one million credits annually by 2027. The program adheres to Verra's carbon standard, promoting sustainable practices like direct seeding and low tillage. India produced approximately 150 million tonnes of rice in 2024-25.
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