Sign In
Learn bits
Economy
Mahesh

22/07/22 16:45 PM IST

Pradhan Mantri JI-VAN Yojana

In News 
  • In March, 2019, Government had notified the “Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana” for providing financial support to integrated bio-ethanol projects for setting up Second Generation (2G) ethanol projects in the country using lignocellulosic biomass and other renewable feedstock. 
Pradhan Mantri JI-VAN Yojana
  • Under the PM JI-VAN Yojana, the maximum financial assistance of Rs.150 crore per project for commercial projects and Rs.15 crore per project for demonstration projects has been prescribed for improving commercial viability as well as promoting R&D for development and adoption of technologies in the field of production of 2G ethanol.
  • Financial assistance of Rs. 150 crore each to the four commercial Second Generation (2G) bio-ethanol projects at Bathinda in Punjab, Panipat in Haryana, Bargarh in Odisha and Numaligarh in Assam and Rs. 15 crore to one demonstration project at Panipat in Haryana has been approved under the Scheme. 
  • The total financial outlay for the scheme is Rs. 1969.50 crore for the period 2018-19 to 2023-24.
  • Apart from financial support through PM JI-VAN Yojana, other steps taken to promote 2G Ethanol Plants include imposition of additional excise duty on non-blended fuels; encouraging studies on various aspects including; identifying areas having the potential of surplus Biofuels feedstocks; policy interventions to mainstream biofuels; separate price for 2G ethanol, etc.

Source- PIB 

More Related Current Affairs View All

10 Jan

Rural landowners in Delhi want repeal of Sections 33 and 81 of Delhi Land Reforms Act

'Both sections dealing with the use and sale of agricultural land have come under the spotlight ahead of the Delhi Assembly elections.' This can only be done by the Central gove

Read More

10 Jan

Pravasi Bharatiya Diwas

'Prime Minister Narendra Modi inaugurated the 18th edition of the Pravasi Bharatiya Diwas  in Bhubaneswar.' The event is held once every two years to “honour the cont

Read More

10 Jan

Deciphering the Indus script

'Recently, Tamil Nadu Chief Minister M.K. Stalin announced a $1-million prize for experts or organisations in the event of their success in deciphering the scripts of the Indus Val

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps