Union Cabinet approves Rs 4,573 cr interest subvention to enhance ethanol distillation capacity

The Union Cabinet on Wednesday approved a scheme to provide bank loans at lower rates to distilleries producing ethanol for doping in petrol, with a view to raising India’s ethanol production capacity to suck out surplus sugar as well as cut oil imports. Oil Minister Dharmendra Pradhan said the government is targeting to more than double blending of ethanol in petrol to 20 per cent by 2030, for which domestic production capacity has to be augmented.


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