Union Cabinet approves “Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana”
The Lignocellulosic biomass (or LC biomass) refers to plant biomass that is composed of carbohydrate polymers (cellulose, hemicellulose), and an aromatic polymer (lignin). It is the most abundantly available raw material on the Earth for the production of biofuels, mainly bio-ethanol. It is in news recently because the Union Cabinet has approved the “Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana” for providing financial support to Integrated Bioethanol Projects using lignocellulosic biomass and other renewable feedstock. It has been launched as a tool to create 2G Ethanol capacity in the country and attract investments in this new sector. The scheme focuses to incentivize 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. The ethanol produced by the scheme beneficiaries will be mandatorily supplied to Oil Marketing Companies (OMCs) to further enhance the blending percentage under Ethanol Blended Petrol (EBP) programme. The JI-VAN Yojana will be supported with total financial outlay of Rs.1969.50 crore for the period from 2018-19 to 2023-24.
Category: Government Schemes Current Affairs
Topics: Biofuel • Biological matter • Biomass • Bright green environmentalism • Cellulosic ethanol • Ethanol fuel • Fuels • Lignocellulosic biomass • Nature • Renewable fuels • Sustainable Development • Sustainable technologies