One crore teak saplings to be planted every year, announces CM
Karnataka Chief Minister D.K. Shivakumar announced the 'Teak Wealth' scheme, which aims to plant one crore teak saplings annually on public and private land. The initiative involves a revenue-sharing model where landowners receive 70% of the returns from the mature trees.
Why it matters
This policy aims to increase the state's green cover while providing a long-term economic incentive for farmers to participate in reforestation.
Chief Minister D.K. Shivakumar on Saturday announced that the State government would launch a ‘Teak Wealth’ scheme under which one crore teak saplings would be planted every year on farmers’ and government land along both sides of government roads.
Speaking after inaugurating the 111th Jayanti Mahotsava of Shivaratri Rajendra Swami at Suttur Mutt here, Mr. Shivakumar said the Forest Department would provide the saplings, while farmers or landowners would be responsible for their maintenance.
Under the proposed scheme, 70% of the returns from the teak trees would accrue to farmers or landowners and 30% to the government, he said.
“This will be a unique initiative based on cooperation between the government and landowners to increase the State’s forest wealth. Over the next 25 years, it will create substantial green wealth for Karnataka,” he said.
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