Indian Biogas Association pitches for incentives to promote bio fertilisers
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- January 14, 2024
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Indian Biogas Association pitches for incentives to promote bio fertilisers
Industry body Indian Biogas Association (IBA) has demanded a host of incentives including a dedicated Rs 1.4 lakh crore 'Biogas Fertilizer Fund' that aims to promote the use of organic fertilizers for improved soil and human health. It said the key to accelerating the Bio CNG/CBG (compressed natural gas/biogas) industry's growth lies in crafting pro biofertilizer policies. This includes favorable regulations, tax exemptions, financing incentives, and accessible credit options, with a spotlight on fermented organic manure, it noted. Finance Minister Nirmala Sitharaman will present an interim budget for financial year 2024 25 on February 1. In a pre budget memorandum submitted earlier this month to the finance ministry, the IBA has proposed to set up a new 'Sustainable Biogas Plant Fertilizer Based Cultivation Programme' (SuBiCulP) with a dedicated Rs 1.4 lakh crore fund for five years. This all encompassing initiative, based on SATAT (Sustainable Alternative Towards Affordable ...
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