Freed gsbi 2010


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Freed gsbi 2010

  1. 1. WA S T E TO W E A LT H The Force for Rural Empowerment and Economic Development - GSBI™ Class of 2010 Headquarters: Kolkata, West Problem Statement: Bengal, India There are approximately 60 million hectares of wasteland in India Established: 2007 and more than 421 million Indians below the poverty line in 8 states. The poor people do not have access to sustainable liveli- Impact Areas: India hoods and suffer from a social environment that worsens over Type: Non-Profit/NGO time. The Indian government has mandated the use of 20% diesel mix with biofuel by 2013. To fulfill the mandate, wastelands are Sectors: Clean Tech & Energy, Eco- being made available for production of biofuel. nomic Development Staff Size: 7 and 2 Volunteers Annual Budget: $150,000 Major Funders: Private donations, Indian government Awards: Somnath Pyne was se- lected for the International Visitors Leadership Program of the Depart- ment of State, US Government Theory of Change: Turn Waste to Wealth by turning the wastelands in India into jatropha plantations to improve the environ- ment and produce biofuel. Local Solution: marginalized women are employed to cultivate the land which increases FREED conceives, designs, and implements projects transform- their income potential and raises the ing wastelands into jatropha plantations that produce biofuel standard of living. that replaces imported fossil fuels and qualifies for carbon cred- its. We do this by forming Self Help Groups that undertake cul- tivation and fuel extraction, providing marginal poor with income opportunities. Government agencies and corporations provide wasteland for cultivation and purchase the biofuel thus creating economic development, reducing their cost of oil consumption meeting mandates to use renewable energy. “Through our 300 hectare unit project, FREED will provide employment for 2500 marginal- ized women, additional income of $486,680 and produce 306 kilolitres of biofuel in 5 years.” - Somnath Pyne, Co-Founder and CEO | | | +91.33.6450.6521 | +91 983 016 8269 |
  2. 2. WA S T E TO W E A LT H Milestones Achieved: Impact to Date: 2008: Pilot project started with • Pilot plantation operational with partner agency partner • Created awareness in public and private corporations of the opportunity to convert wasteland into a resource 2010: First project approved for • First 300 hectare project approved for launch by major coal implementation by the national coal agency company 2010: Contract with the municipality Annual Budget vs. Ha. Under Cultivation: for access to land 2010: Indian railways approve project viability Growth Plan: 2011: Expand to three states 2013: First bio-diesel will be produced (306 kiloliters) 2014: Expansion to 4 states, 5,000 Ha, and 612 kiloliter production Social Impact: 526 “The work of FREED to provide additional income and produce biofuel utilizing wasteland is changing the lives of local mar- ginalized population.” – Ujjal Chatterjee, Chairman, Kulti Mu- nicipality, West Bengal, India Investment Required: $500,000 USD of seed capital is required to develop each 300 Ha. unit project. Grants are needed to fund a unit project for which land has been allocated. Grant amounts for subsequent unit projects will be lower because earned income will be used to fund new unit projects. This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of Santa Clara University’s Center for Science, Technology and Society. Updated 8/26/2010. | | | +91.33.6450.6521 | +91 983 016 8269 |