The ethanol blending programme interest subsidy scheme under which the centre disburses loans has been extended till March 2023.
The scheme began in 2018 to help entrepreneurs to complete ethanol projects with government support.
The Food Ministry issued a notification on October 6 stating the applicants who have submitted their applications to DFPD after the date of notification of the scheme but within the cut-off date prescribed in the notification dated 19.07.2018 and in case of whom, loans were disbursed to them prior to the in-principle approval of DFPD, will also be eligible for interest subvention under the scheme.
The applicants have been asked to complete their projects within two and half years after receiving their first instalment, said the notification.
The centre has launched several schemes to boost ethanol production in the country. In April, the deadline for submitting applications under the scheme was extended by six months. The deadline was September 2022 earlier.
India needs 1016 crore litres of ethanol by 2025 to achieve the 20% ethanol blending target.
