Context:
The Ministry of Petroleum & Natural Gas has given information about the Pradhan Mantri JI-VAN scheme in the Lok Sabha.
About Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana:
What is Biofuels:
- It was notified in March 2019.
- Aims: To provide financial support to integrated bio-ethanol projects for setting up Second Generation (2G) ethanol projects by using lignocellulosic biomass and other renewable feedstocks.
- Financial Outlay: Rs. 1969.50 crore for the period 2018-19 to 2023-24.
- Financial Assistance: Rs. 150 crore per project for commercial projects and Rs. 15 crore per project for demonstration projects.
- Nodal Ministry: Ministry of Petroleum and Natural Gas
Lignocellulosic Biomass
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- Biofuels are renewable fuels derived from organic sources, such as plants, agricultural and forest residues, algae, and animal waste.
- Imposition of additional excise duty on non-blended fuels to encourage ethanol blending.
- Off-take assurance by Oil Marketing Companies (OMCs) for 15 years to private stakeholders through Ethanol Purchase Agreements (EPA).
- Diversification of feedstock for 2G ethanol production.
- Separate price for 2G ethanol
- A reduced GST rate of 5% on ethanol for the Ethanol Blending Programme (EBP).
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