Now Reading: Rs 23,731 crore GOBARdhan scheme aims to turn waste into fuel
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Rs 23,731 crore GOBARdhan scheme aims to turn waste into fuel
The government has launched the Rs 23,731 crore GOBARdhan scheme to convert cattle dung, agricultural residue, and municipal organic waste into compressed biogas (CBG) and organic manure. The plan seeks to reduce…
The Story in Brief
The government has launched the Rs 23,731 crore GOBARdhan scheme to convert cattle dung, agricultural residue, and municipal organic waste into compressed biogas (CBG) and organic manure. The plan seeks to reduce India's dependence on imported liquefied natural gas (LNG) by increasing domestic CBG production nearly tenfold.
Beyond energy security, the scheme is expected to create about 1.5 lakh jobs, particularly in rural areas, by building a network of farmers, waste producers, and private companies. Business Today reports that the framework includes assured CBG purchase, pricing support, capital assistance, pipeline infrastructure, credit guarantees, and ecosystem development to attract private investment.
The Indian Opinion
The GOBARdhan scheme sounds promising, but similar bioenergy plans have stumbled on execution, collection logistics and plant viability remain stubborn hurdles. The real test is whether the assured purchase and pricing support will be enough to draw serious private capital. If the target of a near-tenfold rise in CBG production is met in five years, that will prove the model works. Until then, cynicism is cheap; results are not.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
