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Cabinet Approves ‘Pradhan Mantri JI-VAN Yojana’

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved the ‘Pradhan Mantri Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran (JI-VAN) Yojana’ for providing financial support to the Integrated Bioethanol Projects.

The scheme aims to incentivise the Second Generation (2G) Ethanol sector and support the industry by creating a suitable ecosystem for setting up commercial projects and increasing R&D in this area. The PM JI-VAN Yojana will be supported with the total financial outlay of Rs 1969.50 crore for the period 2018-19 to 2023-24.