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Modified Ethanol Interest Subvention Scheme
March 12 , 2025
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- The union food ministry has announced Modified Ethanol Interest Subvention Scheme.
- It will provide interest subsidies of 6 per cent per annum or 50 per cent of bank interest rates, whichever is lower, for five years including a one-year moratorium period.
- The measure aims to support the government's Ethanol Blended with Petrol (EBP) Programme
- To ensure the functioning of the Cooperative Sugar Mills throughout the year, their existing ethanol plants can be converted into multi-feedstock-based plants to use grains like maize and DFG under the new modified scheme.
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