The case study, developed jointly by National Bank for Agriculture and Rural Development (NABARD) and Asia LEDS Partnership (ALP), discusses in detail the financing options that can be accessed through NABARD to promote emission reduction in the Agriculture Sector along with a few successful cases on NABARD funded Mitigation Actions implemented in India in this sector.
Agriculture sector is one of the most important sectors of Indian economy and it plays a significant role in the overall socio-economic development of India. The agriculture sector accounts for 20-22% of total electricity consumption and managing agricultural load is increasingly becoming a challenge for electricity utilities in India. Subsidized tariff generates a perception of zero marginal cost of electricity use and consequently, efficiency in consumption is disregarded.
Under the provisions of the National Action Plan on Climate Change (NAPCC), India has launched a dedicated National Mission on Sustainable Agriculture (NMSA) to define its strategies for mitigation and adaptation to climate change within the agriculture sector. NMSA has been successful in identifying the larger challenges faced by Indian agriculture and how they will be exacerbated in a changing climate context.
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