HomeNewsBusinessEconomyCabinet extends PM Ji-Van Yojana implementation by 5 years, to infuse further funds

Cabinet extends PM Ji-Van Yojana implementation by 5 years, to infuse further funds

The Pradhan Mantri JI-Van Yojana is a programme focused on converting biomass to ethanol

August 09, 2024 / 22:36 IST
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Ethanol
Ethanol

The Union Cabinet on August 9 approved amendments to the Pradhan Mantri JI-Van Yojana, a programme focused on converting biomass to ethanol, by extending the project’s implementation timeline by five years.

"The modified scheme extends timeline for implementation of scheme by Five (5) year i.e. till 2028-29 and includes advanced biofuels produced from lignocellulosic feedstocks i.e. agricultural and forestry residues, industrial waste, synthesis (syn) gas, algae etc. in its scope. “Bolt on” plants & “Brownfield projects” would also now be eligible to leverage their experience and improve their viability," according to a government statement post the cabinet briefing.

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The cabinet also approved further investment of Rs 1,969 crore into the programme, Minister of Information and Broadcasting Ashwini Vaishnaw said during the cabinet briefing.

To promote multiple technologies and multiple feedstocks, preference would now be given to project proposals with new technologies and innovations in the sector, the government said.