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.