To keep pace with the latest developments in the field of biofuels and to attract more investment, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the modified Pradhan Mantri JI-VAN Yojana.
The modified scheme extends timeline for implementation of scheme by Five (5) year i.e. till 2028-29 and includes advanced biofuels produced from lignocellulosic feedstocks i.e. agricultural and forestry residues, industrial waste, synthesis (syn) gas, algae etc. in its scope. "Bolt on" plants & "Brownfield projects" would also now be eligible to leverage their experience and improve their viability.
To promote multiple technologies and multiple feedstocks, preference would now be given to project proposals with new technologies and innovations in the sector.
The scheme aims to provide remunerative income to farmers for their agriculture residue, address environmental pollution, create local employment opportunities, and contribute to India's energy security and self-reliance. It also supports the development of advanced biofuel technologies and promotes the Make in India Mission. It also helps in achieving India's ambitious target for net-zero GHG emissions by 2070.
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