India’s ethanol capacity to jump 25% to 12.5 bn litres by year-end: Govt
The government on Friday said the overall ethanol production capacity in India is expected to go up by 25 per cent to 1,250 crore litres by the end of this year, as proactive steps have been taken for faster clearance of projects.
A single-window clearance has been put in place wherein ethanol projects seeking interest subvention and environment clearances are given faster clearance.
“As on today, more than Rs 20,000 crore worth loans have been sanctioned by the banks for ethanol projects, Out of which Rs 10,000 crore has already been disbursed under the interest subvention scheme,” said Sangeet Singla, Director of Sugar and Vegetable Oils under the aegis of the Union Food Ministry.
