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Ethanol Production

Cabinet approved modified scheme for interest subvention for Ethanol production, expanding scheme  to include grain based distilleries along with molasses based ones.

It will encourage production using grains like barley, corn, maize, rice.

It would boost production and distillation capacity to 1,000 crore litres and help in meeting the goal of 20% ethanol blending with petrol by 2030.
The government would bear interest subvention for first five years including one
year moratorium against the loan availed by project proponents from banks at 6% pa or 50% Rate of interest charged by bank, which ever is lower.

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