Categories: News

UP approves new biofuel policy

Representative Image

LUCKNOW: The Government of Uttar Pradesh has chosen to implement a bio-energy policy that will help in reducing consumption of fossil fuels and help boost the income of farmers in order to further its commitment to increase usage of biofuel. A proposal to create a new promotion policy of Ministry of Micro, Small & Medium Enterprises (MSME) was also adopted by the government during the Tuesday cabinet meeting. In a press conference, AK Sharma, Minister for Urban Development & Energy, stated that the state government was committed to finding a solution to the issue of burning agricultural waste (perali) in the fields.

Biofuel will be produced using organic waste, including agricultural waste, garbage from the agricultural produce market, waste from animals, waste from sugar mills, and waste from cities.

Under the Bio-Energy Enterprises Promotion Programme-2018, bio-energy enterprises received a 100 percent exemption from stamp duty on land purchases and a 100 percent refund of SGST for ten years starting from the day that production began.

The new policy will have a term of five years. The state will provide incentives for the installation of compressed biogas, biocoal, bioethanol, and biodiesel projects during this time. As per this policy, a subsidy would be provided for the production of compressed biogas at a cost of Rs 75 lakh per tonne up to Rs 20 crore maximum. For the manufacturing of biocoal, it will cost up to Rs. 75,000 per tonne, and for the creation of biodiesel, it would cost up to Rs. 3 lakh per kilolitre.

Team Urban Update

Recent Posts

Gadkari: EV prices to match petrol, diesel cars in two years

Representative Image NEW DELHI: Nitin Gadkari, Minister for Road Transport and Highways, Government of India,…

2 months ago

14 lakh homes built in Gujarat under PMAY scheme

Representative Image GANDHINAGAR, Gujarat: Gujarat has reached a significant milestone in the construction of homes…

2 months ago

MBMC launches ‘Central School Control Room’ for students’ safety

Representative Image THANE, Maharashtra: The Mira Bhayander Municipal Corporation (MBMC) in Maharashtra has established a…

2 months ago

Delhi govt extends ban on sale, production of firecrackers till Jan 2025

Representative Image NEW DELHI: With the aim to tackle the increasing air pollution level in…

2 months ago

UPSIDA takes over maintenance of 34 industrial areas from ULBs

Representative Image LUCKNOW, Uttar Pradesh: The Uttar Pradesh State Industrial Development Authority (UPSIDA) has come…

2 months ago

Delhi Jal Board to team up with WATCO for 24/7 water supply

Representative Image NEW DELHI: The Delhi Jal Board (DJB) plans to collaborate with the Water…

2 months ago