NEW DELHI: The Cabinet has approved a scheme to provide Rs 1969 crore as viability gap funding to second generation (2G) ethanol projects over the next six years.
Under the scheme, called the Pradhan Mantri JI-VAN Yojana, Rs 1800 crore has been allocated for supporting 12 commercial projects, Rs 150 crore for 10 demonstration projects and the balance Rs 9.50 crore for the administrative expense by the Centre for High Technology (CHT), an Oil Ministry arm that would oversee the scheme.
“The scheme focuses to incentivise 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,” an official statement said.
