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IORA raises Rs 8.5 crore to scale green economy afforestation program in the Northeast

  • Iora Ecological Solutions secures Rs 8.5 crore in debt funding from Caspian Impact Investments to scale its MegCare agroforestry program in Meghalaya.
  • The funding will be utilized for restoring degraded landscapes, enhancing forest cover, and promoting sustainable agroforestry practices to benefit smallholder farmers.
  • MegCare program focuses on generating Carbon Removal Units (CRUs) through land restoration in Meghalaya for monetization in global carbon markets.
  • The initiative aims to sequester over 25 million tonnes of CO₂, benefit 80,000 smallholder farmers, and contribute to India's largest carbon removal program.

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