Indian Government Approves Interest Subvention Scheme for Ethanol Distilleries, 7th January 2021

On December 30, 2020, the Government of India’s (GOI) Union Cabinet approved an interest subsidy of USD $626 million (INR 4573 crores) for augmenting its domestic ethanol production capacities. The announcement comes as India attempts to adhere to both its immediate and long term ethanol blending goals (E-10 by 2022 and E-20 by 2030).