The Cabinet Committee on Economic Affairs has approved the “Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana” under the Ministry of Petroleum & Natural Gas to provide financial support to Integrated Bio- Fuel.
- Aims- 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.
- Accomplishing the Government of India vision to reduce import dependence on fossil fuels. Meeting of the GHG emissions reduction targets. It will also help addressing environmental concerns caused due to the burning of biomass/ crop residues.
- Complementing the Swacch Bharat Mission by supporting the aggregation of nonfood biofuel feedstocks such as waste biomass and urban waste.
The government has set the target to achieve 10% blending percentage of Ethanol in petrol by 2022. The highest ever ethanol procurement stood at around 150 crore litres during 2017-18 which is sufficient for around 4.22% blending on Pan India basis.