In the last few years, India has seen a dramatic rise in financial inclusion. The country is home to some of the most innovative financial services companies in the world. To help those without bank accounts to not be left behind and grow out of poverty, Prime Minister Narendra Modi introduced a new initiative called Gobar Dhan Yojana (GDB) or ‘Cow Savings Scheme’ on October 20th, 2014.
The GDB is designed like an insurance scheme for cows and is part of the government's larger strategy to encourage households with little access to formal banking services to save money in an informal manner.
Ever thought of making money from cattle dung? If not then now you can. Recently, Prime Minister Narendra Modi addressed on Mann Ki Baat the newy-launched GOBAR-Dhan Yojana. The unique scheme that would help farmers in making money using cattle solid waste.
This unique Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) scheme was first proposed by Finance Minister Arun Jaitley during his budget speech on February 1. In his opinion, the scheme would focus on managing and converting cattle dung and solid waste into biogas and bio-CNG.
Basically, The Gobar-Dhan Yojana has introduced keeping this in mind that it will help in village cleaning and increasing the income of farmers and cattle herders. The scheme is supposed to be rolled out in Apirl 2018 and if it gets implemented properly then farmers can use waste as an income source.