Q. Consider the following statements regarding the Pradhan Mantri JI-VAN Yojana:
1.The scheme focuses on promoting second-generation (2G) ethanol projects using lignocellulosic biomass and other renewable feedstocks.
2.The scheme is backed by Multilateral Development Banks (MDBs) to help make projects that are economically feasible.
3.It aligns with India’s goal to achieve net-zero greenhouse gas emissions by 2070.
4.Centre for High Technology (CHT) a technical body under the Ministry of Petroleum and Natural Gas, is responsible for implementing the scheme.
Which of the statements given above are correct?
Explanation –
Statements 1, 3 and 4 are correct. The Pradhan Mantri JI-VAN Yojana aims to support the development of 2G ethanol projects using lignocellulosic biomass and other renewable feedstocks. The scheme aligns with India’s goal to achieve net-zero greenhouse gas emissions by 2070 and supports the Make in India initiative. The Centre for High Technology (CHT) is the implementation agency for the Pradhan Mantri JI-VAN Yojana. The Pradhan Mantri JI-VAN Yojana has been extended for five more years, now running until 2028-29. The scheme’s scope has been broadened to include biofuels made from various sources like agricultural leftovers, forestry waste, industrial by-products, and algae. The updated scheme now includes “bolt-on” and “brownfield” projects. This means existing facilities can be upgraded or modified to improve their operations and efficiency.
Statement 2 is incorrect. The scheme is supported by the Indian government through Viability Gap Funding (VGF).
Source: DD News
