Farmers can draw payments against carbon credits for up to 30 years for the same plantation under the carbon finance project. The scheme began in six divisions last year including Gorakhpur, Lucknow, Bareilly, Meerut, Moradabad and Saharanpur. It is expected to expand in phase two to areas such as Devipatan, Ayodhya, Jhansi, Mirzapur, Kanpur, Varanasi and Aligarh. Farmers across Uttar Pradesh are expected to receive incentives totalling ₹202 crore under the scheme between 2024 and 2026.
