Stages of Funding Process in DAAN

DAAN’s funding process is a comprehensive system designed to support small-scale farmers through a blend of technological innovation, financial assistance, and educational incentives. By recognizing the historical contributions of these farmers and incentivizing future sustainable practices, DAAN aims to create a more equitable and environmentally conscious agricultural landscape globally.

Stage 1: Identification of Smallhold Farms Using Satellite Data and Machine Learning

Process: Advanced satellite imagery and machine learning algorithms are employed to identify smallhold farms across the globe. This technology assesses various factors such as land use, crop types, and farming patterns.
Outcome: Accurate mapping and identification of small-scale farming operations, crucial for targeted support.

Stage 2: Database Creation and Fintech Engagement

Process: Once farms are identified, the next step involves gathering essential information such as farm ownership, contact details (notably mobile numbers of farmers or local NGOs), and geographical coordinates.
Engagement: A Fintech provider specific to each country is engaged to facilitate smooth financial transactions.
Outcome: Creation of a comprehensive database linking farms with relevant financial channels for efficient aid distribution.

Stage 3: Allocation of Heritage and Legacy Credits

Concept: Recognizing the long-term efforts of farming families, DAAN introduces ‘Heritage and Legacy Credits.’ These credits honor 100 years of work and dedication to the land.
Distribution: The funds generated from these credits are divided equally between the farmer and the local governance bodies like village councils or tribal councils.
Outcome: This stage ensures that both individual farmers and their communities benefit from historical and continued sustainable farming practices.

Stage 4: Monthly Payments to Farmers

Mechanism: Farmers receive monthly payments from donors, carbon credit buyers, or other financial supporters. These payments are a reward for their ongoing work and contribution to global sustainability.
Method: Payments are made directly to the farmers’ mobile accounts, ensuring swift and secure transactions.
Outcome: This stage provides a steady income stream to farmers, acknowledging their role in maintaining sustainable agricultural practices.

Stage 5: Knowledge Credits and Sustainable Farming Incentives

Knowledge Credits: In addition to financial support, DAAN offers ‘Knowledge Credits’ for adopting sustainable farming practices. This system educates and motivates farmers towards environmentally friendly methods.
Additional Funding: Funds linked to these credits can be used for purchasing supplies from approved, sustainable sources.
Verification: The implementation of these practices is monitored through continued satellite surveillance and on-ground checks.
Outcome: This stage not only provides financial incentives but also fosters a shift towards more sustainable and efficient agricultural methods, benefiting both the environment and the farmers.