The Cabinet Committee on Economic Affairs has affirmed the Pradhan Mantri JI-VAN (Jaiv Indhan-Vatavaran Anukool fasal awashesh Nivaran) Yojana. It goes for giving economic help to Integrated Bio-ethanol Projects utilizing lignocellulosic biomass and other renewable feedstock.
Under the scheme, the Ministry of Petroleum and Natural Gas has focused to accomplish 10% mixing level of Ethanol in oil by 2022. The PM JI-VAN Yojana is being propelled as an instrument to make 2G Ethanol limit in the nation and draw investments in this new segment.
The plan centers to boost 2G Ethanol division and bolster this early industry by making an appropriate biological system for setting up business ventures and expanding Research and Development here. The ethanol created by the scheme recipients will be compulsorily provided to Oil Marketing Companies (OMCs) to further upgrade the mixing rate under the EBP Programme.
Aside from enhancing the objectives imagined by the government under the EBP programme, the plan will likewise have the accompanying advantages:
1. Meeting Government of India vision of decreasing import reliance by method for substituting non-renewable energy sources with Biofuels.
2. Accomplishing the greenhouse gases discharges’ decrease targets.
3. Tending to environment concerns caused because of consuming of biomass/crop buildups and improve the strength of natives.
4. Improving farmer pay by giving them profitable pay for otherwise useless agri-waste.
5. Making rural and urban business openings in 2G Ethanol activities and Biomass inventory network.
6. Adding to Swacch Bharat Mission by supporting the total of nonfood biofuel feedstocks, for example, waste biomass and urban waste.
7. Indigenizing of Second Generation Biomass to Ethanol innovations.
The JI-VAN Yojana will be upheld with the complete economic cost of Rs.1969.50 crore for the period from 2018-19 to 2023-24. This scheme will be executed in two stages, Stage 1 from 2018-2019 to 2022-2023 and Stage 2 from 2020-2021 to 2023-2024.