India's prime minister, Narenda Modi, has approved extension of a modified Pradhan Mantri JI-VAN scheme until 2028-29.
The scheme provides financial support for integrated bio-ethanol projects in setting up second generation (2G) ethanol projects in the country using lignocellulosic biomass and other renewable feedstocks.
The total financial outlay for the scheme is Rs. 1969.50 crore for the period 2018-19 to 2023-24.
Union Minister Ashwini Vaishnaw further emphasised that long term impact and ethanol blending for ATF will also be taken up in the near future.
The modified scheme extends the timeline for implementation of scheme by five years, and includes advanced biofuels produced from lignocellulosic feedstocks i.e. agricultural and forestry residues, industrial waste, synthesis (syn) gas, algae etc. in its scope.
Bolt on plants & brownfield projects' are also now be eligible to leverage their experience and improve their viability.
Preferences will now be given to project proposals with new technologies and innovations in the sector.
The scheme also aims to provide remunerative income to farmers for their agriculture residue, address environmental pollution, create local employment opportunities, and contribute to India's energy security and self-reliance.
It also supports the development of advanced biofuel technologies and promotes the Make in India Mission.
In addition, it also helps in achieving India’s ambitious target for net-zero GHG emissions by 2070.
India extends biomass scheme until 2028-29
