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In Kerala village, farmers can mortgage their trees for interest-free bank loans -Vishnu Varma

-The Indian Express

The ingenious plan, a brainchild of state Finance Minister TM Thomas Isaac, was formally rolled out earlier this week in Meenangadi, a panchayat of 33,000 people curled up in the Western Ghats hills in Wayanad district.

Kochi: In a bid to encourage planting and preserving trees and thereby reduce carbon footprint, a village in Kerala has kickstarted a project that will allow farmers to mortgage the trees on their land in return for interest-free bank loans.

The ingenious plan, a brainchild of state Finance Minister TM Thomas Isaac, was formally rolled out earlier this week in Meenangadi, a panchayat of 33,000 people curled up in the Western Ghats hills in Wayanad district.

The quiet village was the subject of an Indian Express report in February 2018 for its efforts to try and become the country’s first ‘carbon-neutral’ panchayat by slashing greenhouse gas emissions and increasing green cover. The exhaustive government-backed project was launched with much fanfare in Meenangadi by Isaac in 2016, a few months after his return from the climate change conference in Paris.

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