Industry body Indian Biogas Association (IBA) has demanded a host of incentives including a dedicated Rs 1.4 lakh crore ‘Biogas-Fertilizer Fund’ that aims to promote the use of organic fertilizers for improved soil and human health.
It said the key to accelerating the Bio-CNG/CBG (compressed natural gas/biogas) industry’s growth lies in crafting pro-biofertilizer policies.
This includes favorable regulations, tax exemptions, financing incentives, and accessible credit options, with a spotlight on fermented organic manure, it noted.
Finance Minister Nirmala Sitharaman will present an interim budget for financial year 2024-25 on February 1.
