The Cabinet Committee on Economic Affairs 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.
The scheme focuses to incentivise 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.
Apart from supplementing the targets envisaged by the Government under EBP programme, the scheme will also have the following benefits:
- Meeting Government of India vision of reducing import dependence by way of substituting fossil fuels with Biofuels.
- Achieving the GHG emissions reduction targets through progressive blending/ substitution of fossil fuels.
- Addressing environment concerns caused due to burning of biomass/ crop residues & improve health of citizens.
- Improving farmer income by providing them remunerative income for their otherwise waste agriculture residues.
- Creating rural & urban employment opportunities in 2G Ethanol projects and Biomass supply chain.
- Contributing to Swacch Bharat Mission by supporting the aggregation of nonfood biofuel feedstocks such as waste biomass and urban waste.
- Indigenizing of Second Generation Biomass to Ethanol technologies
Ministry of Petroleum & Natural Gas has targeted to achieve 10% blending percentage of Ethanol in petrol by 2022.
