Subsidy On Biomass Briquettes Business

Introduction of business about Biomass Briquettes

Bio-mass Briquettes/Pellets Plant is a eco-friendly and have high burning efficiency than coal. Coal spread smoke when it burns but briquettes does not make pollution.

Using Briquettes/Pellets as an alternative energy sources reduces wood-cutting that is contributing to deforestation.

That’s why there is a good business opportunity for bio-mass briquettes business.

It is also a good project of Waste to Energy Management.

Financial Assistance/Benefits Available / Subsidy for setting-up Biomass Briquette in India

There are various subsidy schemes provided by the Central Government and State Government to financially support the Bio Mass Briquettes Projects.

1) Interest Subvention under Agriculture Infrastructure Fund

On this business you can take the benefit of Agriculture Infrastructure Fund Scheme. Scheme provides assistance on Interest Subvention of 3% per annum on loans up to a limit of Rs. 2 crores for 7 years. The scheme is in operation from 2020-21 and will remain in operation till 2032-33. Scheme also provides assistance on Credit Guarantee & there is no need to provide collateral security upto the loan amount of Rs. 2 Crores.

2) Scheme of MNRE

To support the setting up of biomass briquettes & Pellets manufacturing unit the Central Government under the Ministry of New and Renewable Energy (MNRE) has launched the scheme to provides Central Financial Assistance (CFA) in respect of successful commissioning of Biomass briquette/pallet manufacturing plants. In this you can get the benefit of Rs. 9 Lakh per MTPH (metric ton/hour) of manufacturing capacity subject to max. Rs 45 Lakh per plant.

3) State Specific MSME Incentives

You can also take the benefit your state specific MSME incentives.

For eg If you want to set up Biomass Briquettes Business .Then you can take the benefit of 15% capital subsidy on investment in Plant & Machinery and Building. For General Category, Maximum Benefit is Rs. 20 Lakhs whereas For Women and SC entrepreneurs, Maximum Benefit is Rs. 25 Lakhs.

So if you are planning to set up Biomass Briquette/pallet manufacturing plant , then you can enjoy the maximum benefits with the help of above mentioned scheme. So, you should plan accordingly and apply for the same within the time limits.

अगर आप Biomass Briquettes Business पर अधिक सब्सिडी जानना चाहते हैं, तो बनवायें Subsidy Viability Report Click here :– https://forms.gle/VET4g4bcsBAtHfsy8

To know more about Agriculture Infrastructure Fund Scheme click here

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