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  "documentTitle": "energy summit chiavari",
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  "notes": "The slide contains a list of numbered policy initiatives and a table detailing ethanol pricing by feedstock type.",
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      "text": "To promote ethanol blending, the government has lowered the GST rate from 18% to 5% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme.",
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      "text": "Figure 20: Ethanol prices for the period November 2023 to Oct 2024",
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      "text": "INR1800 crore for supporting 12 commercial projects. INR150 crore for supporting 10 demonstration projects.",
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      "text": "Export of biofuels may be permitted under certain circumstances: When there is a surplus of biofuels in the country/ domestic requirement has been met. In the case of exigencies/ calamities such as COVID, other medical requirements, etc. When the price of biofuels (made from domestic feedstock) becomes high resulting in poor domestic sales.",
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      "text": "INR/thousand liters: 66,070",
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      "text": "Under this scheme, the government is facilitating entrepreneurs to set up new distilleries or the expansion of existing distilleries throughout the country. Interest subvention at 6% p.a. or 50% of ROI charged by banks/ financial institutions, whichever is lower, on the loans to be extended by banks/ financial institutions is being borne by the central government for five years including one-year moratorium. Installation of new ethanol distilleries/expansion of existing ethanol distilleries has brought investment opportunities worth over INR40,000 crore (US$4.87 billion) in urban as well as rural areas.",
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      "text": "To promote ethanol blending, the government has lowered the GST rate from 18% to 5% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme.",
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      "text": "Besides setting blending targets, the Government of India has been notifying the administrative price of ethanol since 2014. Such administrative pricing will enable all distilleries to take benefit of the scheme and remunerative price to ethanol suppliers will help in early payment to cane farmers, in the process contributing to minimize the difficulty of sugarcane farmers. Moreover, since a large quantity of ethanol is available right from the beginning of sugar season due to conversion of sugarcane juice and B heavy molasses to ethanol, it has been decided to redefine Ethanol Supply Year as a period of ethanol supply from 1st November of a year to 31 October of the following year from 1 November 2023 onwards. Following are the prices (INR/ thousand liters) for the period 1 November 2023 to 31 October 2024:",
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      "text": "PM JI-VAN Yojana provides financial support to Integrated Bioethanol Projects using lignocellulosic (plant-based) biomass and other renewable feedstock. The objective is to support 12 commercial scale and 10 demonstration scale projects with Viability Gap Funding and a total financial outlay of INR1969.50 crore for the period 2018- 19 to 2023-24.",
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      "text": "Source: EY Analysis",
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      "text": "2. Ethanol Interest Subvention Scheme",
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      "text": "4. Pradhan Mantri JI-VAN Yojana",
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      "text": "5. Pricing of ethanol",
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