Maize Farmers in Karnataka

Karnataka, India

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This project involves supporting Maize Farmers in Belgaum Karnataka who are employed through Farmer Producer Organisations (FPOs) to gradually transition from chemical agricultural practices to a more sustainable form of agriculture and crop production. The project will regulate water use, soil use, fertilizer use etc. and ensure maximum benefits in terms of crop production and yield. The above activities also mean that this project can access carbon finance. This finance will be used by the FPOs in order to efficiently and smoothly raise working capital for the continuation of the project. The aim of the project is to halve the interest rate from current levels. This subsidy will be financed by a unique model combining the benefits of Carbon Finance as well as other green instruments such as Climate Bonds.

About 10,000 maize farmers

To benefit from this project with the implementation of sustainable agriculture and access to better finance

Improved agriculture practices

Would lead to better soil quality

Reduced chemical fertilizer

and pesticide use and improved soil health.

Background of Project

• Pilot Agricultural program accessing blended finance from Green Bonds, Microfinance and Carbon Finance.
• Carbon credits to be generated by FPOs through their member farmers by reducing chemical inputs in their PoP, improving soil carbon on their fields through increased carbon sequestration on the land.
• A structured Incentive Plan will be put in place for the farmers and communities to be actively involved in the project and encourage them during the transition & help support their costs.
• There will be a guaranteed NO YIELD reduction from current levels for the farmers and INCREASED yield will be the aim of the project through sustainable agriculture techniques.
• Pilot to be done with 10,000 maize farmers in Belgaum
• Each FPO covers around 3-4 villages

The Project

The project aims to access the blended finance from green bonds, micro finance & carbon finance. The key activity of the project aims to transition the farmers from chemical agricultural practices to sustainable agricultural practices. The project targets 9 FPOs in Karnataka. Each FPO has 1100 farmers.
Anticipated activities of the project are zero tillage, organic fertilisers (farm yard manure, vermicompost, green manuring), biofertilisers and microbial cultures (Sanjivak, Jivamrut, Amritpani, Panchgavya), bio-pesticides (Trichoderma/ Pseudomonas), botanical pesticides (Neem), mulching, inter cropping, crop rotation, biological control of weeds, integrated pesticide management (IPM), integrated nutrient management (INM), integrated farming systems (IFS) and drip irrigation / micro irrigation.

The Benefits

The benefits from the project include improved soil health, improved water quality and management, reduced chemical fertilizer and pesticide use, healthier crops which leads to less product wastage, Training and capacity building of farmers on sustainable agriculture techniques by IFHD, Crop yields – Crops are maintained and not negatively affected, Local Employment – Recruitment of project staff and monitors, Self-help groups with a significant number of women are created; so as to encourage collaborative decision-making and working.