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Indian Economy - Understanding the basics of Indian economic system

22-Mar-21

Bihar becomes first state to have Ethanol Promotion Policy

Bihar has become the first state of the country to have its own ethanol policy called Ethanol Production Promotion Policy, 2021.
The Policy was approved by the Central government in December 2020 in consonance with National Policy of Biofuels, 2018 and subsequently by National Biofuel Co-ordination Committee.
The ethanol promotion policy would pave the way for making Bihar an ethanol hub and investors’ coveted destination.
The policy would allow investors to directly make ethanol from maize, molasses, broken rice and rotten grains, which was restricted to sugarcane till now.
An investor would get a 15 per cent government subsidy (maximum of Rs 5 crore) besides exemption from stamp duty, registration and land conversion fees, electricity duty reimbursement and employment and skill development subsidy.
SC/ST, EBC, women, differently-abled or acid attack survivor investors will be given 15.75 percent subsidy up to a maximum of Rs 5.25 crore.

By: Rohit Middha

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