Govt extends deadline to submit ethanol proposals by 6 months - Check last date and other details
DFPD is facilitating capital investments through interest subvention schemes and allocation of excess feedstock diversion for ethanol production. All these efforts have led to ethanol production capacity to 923 crore litres per annum.
)
02:28 PM IST
In a bid to increase the production of ethanol and its supply under Ethanol Blended with Petrol (EBP) Programme, the government has extended the deadline by six months. The scheme aims at extending financial assistance to molasses-based standalone distilleries for enhancement and augmentation of ethanol production capacity. The fresh deadline will be April 21, 2023.
Eligibility criteria for application submission
"In accordance to the Centre's release, the sugar mills, distilleries, and business owners who have purchased land and received environmental permission for their project are required to submit an application cum proposal in the specified format (Annexure-I) to the Director (S&VO), Directorate of Sugar and Vegetable Oils, Department of Food & Public Distribution (DFPD), Krishi Bhawan, New Delhi, within one year starting on April 22, 2022," the release said.
Earlier, the government urged all distilleries in the country to maximize production of ethanol to ensure the success of the country’s ethanol blending program.
India’s ethanol blending program aims to reduce pollution and increase value added in the domestic sugar industry. The government has scaled up blending targets from 5% to 10% under the program.
India has taken great strides in achieving 10% ethanol blending in petrol (E10), 5 months ahead of the target. Buoyant on this success, India is on course to achieve E20 by the year 2025 in its pursuit of energy independence and decarbonisation of the transportation sector. Progressive policy framework, indigenously developed technology and a well-oiled industry ecosystem are some of the major driving factors in this success story.
DFPD is facilitating capital investments through interest subvention schemes and allocation of excess feedstock diversion for ethanol production. All these efforts have led to ethanol production capacity to 923 crore litres per annum.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Power of Compounding in One-time Investment: Rs 2.50 lakh investment for 30 years vs Rs 12 lakh for 16 years vs Rs 15 lakh for 14 years; which can give highest return?
)
PPF Calculation: How much will you earn in 18 years by investing Rs 5,000, Rs 7,000, and Rs 10,000 monthly in Post Office Public Provident Fund?
)
Monthly Income From One-time Investment: How Rs 14,00,000 one-time investment can generate Rs 2,44,000 monthly income for 30 years
)
SBI Senior Citizen FD Interest Rates: Check calculations and know the maturity amount of Rs 4,00,000 investment in SBI FDs for 1-year, 3-year, 5-year and 10-year tenures
)
9 Stocks to Buy for Short Term: Analysts recommend largecap, midcap scrips for 2 weeks; Bajaj Auto, Hero MotoCorp on the list
)
Gratuity Calculation: What will be your gratuity on Rs 40,000 last-drawn basic salary and 6.3 years of service?
02:28 PM IST