Updated Oct 18, 2019
The innovation has no owner
Claim itFocus Areas:
Energy
Implemented In:
India
Many programs that provide public support to the poor in India are inefficient and management of common resources, such as groundwater, are lacking.
The Institute of Financial Management and Research is working to address two problems in tandem: 1) the inefficiency of, and 2) how to manage common resources, particularly groundwater. These direct benefit transfers for electricity ensure that not only are farmers are better off because they are receiving cash to subsidize electricity, but the state is better off because farmers are now incentivized to conserve power and water due to the removal of marginal electricity subsidies.