Updated Oct 18, 2019
The innovation has no owner
Claim itWith nearly $800,000 in DIV funding, IFMR is evaluating a policy wherein per unit subsidies for farmers’ electricity consumption is replaced with targeted lump-sum transfers.
Stage 3: Proof of Concept
Focus Areas:
Energy
Implemented In:
India
1
Country Implemented In
Verified Funding
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Problem
Many programs that provide public support to the poor in India are inefficient and management of common resources, such as groundwater, are lacking.
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Solution
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.
Milestone
Aug 2019
Funds RaisedVERIFIED
$799,078
TITLEDirect Benefit Transfers for Electricity
TYPEGrant
FOCUS AREAS
Energy
Implemented InIndia
Date Unknown
New Country Implemented In
India
