Bihar becomes first state to have Ethanol Promotion Policy
- Bihar has become the first state of the country to have its own ethanol policy called Ethanol Production Promotion Policy, 2021.
- The Policy was approved by the Central government in December 2020 in consonance with National Policy of Biofuels, 2018 and subsequently by National Biofuel Co-ordination Committee.
- The ethanol promotion policy would pave the way for making Bihar an ethanol hub and investors’ coveted destination.
- The policy would allow investors to directly make ethanol from maize, molasses, broken rice and rotten grains, which was restricted to sugarcane till now.
- An investor would get a 15 per cent government subsidy (maximum of Rs 5 crore) besides exemption from stamp duty, registration and land conversion fees, electricity duty reimbursement and employment and skill development subsidy.
- SC/ST, EBC, women, differently-abled or acid attack survivor investors will be given 15.75 percent subsidy up to a maximum of Rs 5.25 crore.
Source: The Times of India