A new funding model is being considered by the Maharashtra forest department to support conservation, afforestation and welfare measures for forest personnel. Green bonds and carbon credits are being explored as possible financial tools to bridge the gap between available funds and the department’s growing requirements.
The proposal was announced by Forest Minister Ganesh Naik at Sanjay Gandhi National Park. It was stated that money raised through these instruments would be used for forest protection, infrastructure development, plantation drives and staff welfare. Green bonds would allow investors to fund environment-friendly projects, while carbon credits would be generated through activities that reduce or absorb greenhouse gas emissions.
The initiative is still at a preliminary stage. Forest-related assets are currently being evaluated, and the Forest Development Corporation of Maharashtra Ltd is expected to serve as the nodal agency. Bankers and financial advisors may also be appointed as the process moves ahead. Large-scale plantation plans, including the proposed planting of 300 crore trees, are expected to require major funding.
Alongside the funding plan, new benefits for forest guards were also announced. Improved housing, better offices, satellite imagery technology and stronger field resources are expected to be provided. A ₹7-crore housing complex for forest officials at Khindipada in Bhandup was also launched.
The proposed ₹750-crore development plan for Sanjay Gandhi National Park was also highlighted. Better parking, waiting areas, libraries and tourist facilities are expected to improve the visitor experience.
Measures to reduce human-wildlife conflict were also discussed. Fruit-bearing trees may be planted inside SGNP so that prey species remain within the forest, reducing the chances of leopards entering nearby residential areas.
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