In a bid to bolster renewable energy, India extends the Pradhan Mantri JI-VAN scheme until 2028-29, focusing on advanced biofuels and local sustainability
Prime Minister, Narendra Modi, has sanctioned the extension of the Pradhan Mantri JI-VAN scheme until 2028-29. This initiative supports the development of second-generation (2G) ethanol projects using lignocellulosic biomass and other renewable feedstock.
The scheme's total financial outlay stands at Rs 1,969.50 crore, covering the period from 2018-19 to 2023-24.
Union Minister Ashwini Vaishnaw underscored that the extended scheme will also address ethanol blending for aviation turbine fuel (ATF) in the near future. The modified scheme now extends the implementation period by five years and expands its scope to include advanced biofuels produced from a variety of feedstock such as agricultural and forestry residues, industrial waste, synthesis gas, and algae.
The revised guidelines also allow for the inclusion of bolt-on plants and brownfield projects, enabling them to leverage their existing experience and enhance their viability. Preference will be given to projects that incorporate new technologies and innovations in the sector.
The extended scheme aims to provide farmers with a remunerative income for their agricultural residues, tackle environmental pollution, generate local employment opportunities, and contribute to India's energy security and self-reliance. It also supports the development of advanced biofuel technologies and aligns with the Make in India mission.
Furthermore, the initiative will aid India in achieving its ambitious target of net-zero greenhouse gas emissions by 2070.