The Union Cabinet has approved several amendments to the PM JI-VAN yojana which provides financial support to advanced biofuel projects. With the approved amendments, the timeline of the scheme has now been extended by five years till 2028-29. Also, the scope of the scheme also includes advanced biofuels produced from lignocellulosic feedstocks, that is, agricultural and forestry residues, industrial waste, synthesis gas and algae in its possibility. In addition, preference will now be given to project proposals with new technologies and innovations in the sector, in a bid to promote multiple technologies and multiple feedstocks.
The scheme will provide income to farmers and address environmental pollution. Simultaneously, it will create local employment opportunities, and contribute to India’s energy security and self-reliance. The uptake of advanced biofuel technologies is key to achieve India’s net-zero emissions target by 2070.
