Pradhan Mantri Jl-VAN Yojana
Launched: 20 February 2019
Objective: Cabinet Committee on Economic Affairs has approved the “Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool Fasal Awashesh Nivaran) Yojana” for providing financial support to Integrated Bioethanol Projects using lignocellulosic biomass and other renewable feedstock.
Salient Features of (Pradhan Mantri JI-VAN)
- “Pradhan Mantri JI-VAN Yojana” is being launched as a tool to create 2G Ethanol capacity in the country and attract investments in this new sector.
- It will be supported with total financial outlay of Rs.1969.50 crore for the period from 2018-19 to 2023- 24. Under this Yojana, 12 commercial scale and 10 demonstration scale second generation (2g) ethanol projects will be provided a Viability Gap Funding (VGF) support in two phases.
- The scheme focuses to incentivize 2G Ethanol sector and support this nascent industry by creating a suitable ecosystem for setting up commercial projects and increasing Research & Development in this area.
- The ethanol produced by the scheme beneficiaries will be mandatorily supplied to Oil Marketing Companies (OMCs) to further enhance the blending percentage under EBP Programme.
- Centre for High Technology (CHT), a technical body under the aegis of MoP&NG, will be the implementation Agency for the scheme.
Read More: – Himachal Pradesh General Knowledge
