CENTRAL GOVERNMENT SCHEME GUIDELINES FOR PROCUREMENT OF BIOMASS AGGREGATION MACHINERY (BAM)
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you benefit of “SCHEME GUIDELINES FOR PROCUREMENT OF BIOMASS AGGREGATION MACHINERY (BAM)”
Objectives:
The primary goal of this scheme is to facilitate biomass aggregation and marketing, preventing the burning of surplus biomass and generating extra income for farmers. This initiative also aims to extract economic value from untapped biomass resources/ agri residue such as paddy straw by converting them into CBG and bio-manure.
Quantum of Assistance:
Assistance to CBG Producers:
A maximum financial assistance of 50% of the procurement cost of biomass aggregation machinery or Rs. 90 lakh per set (whichever is less) will be admissible as grant to a CBG producer.
The financial assistance of Rs. 1.8 crore for 4 TPD CBG capacity project would be provided with a capping of Rs. 9 crore per project on pro rata basis.
Eligible Entities:
In this scheme assistance can be avail by an entity/organization such as Joint Ventures/ Cooperates / Self Help Groups SHGs / Farmer Producer Organizations (FPOs) / Private Sector Companies / Partnership Firms / Proprietorship Firms etc.
Eligibility:
• All the existing and upcoming CBG projects using at least 50% biomass (Agri residue) as feedstock as per DPR.
• CBG projects must have an installed or proposed CBG production capacity of at least 2 tonnes per day (TPD) and be registered on the GOBARdhan portal.
• Under construction projects with at least 50% of physical progress as per DPR shall be considered eligible.
• CBG project has not availed any benefits/ subsidy/ assistance on the machinery/ equipment to be procured under this scheme from any other Central Government/State Government schemes.
• Eligible applicant has to apply through designated portal only before the procurement of BAM.
• Steering Committee (SC) reserves the right to review the eligibility criteria.
Applicability:
This policy will be valid for a period of 5 years from the date of notification or till the time any new policy/amendment is introduced by Government of India, whichever is later (2023-24 to 2026-27).
For, more information on this you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number– +918683898080
KIP Financial Consultancy Pvt. Ltd.
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