MNRE Revised Subsidy Scheme for Biomass Pellet Plants – 2024 Update
📘 Detailed Summary The Ministry of New and Renewable Energy (MNRE) has revised the Central Financial Assistance (CFA) rates under the Biomass Programme, part of the National Bioenergy Programme (NBP), effective 16 July 2024. These changes aim to boost the production of biomass briquettes and pellets, especially torrefied pellets, by providing higher financial incentives. The original CFA, notified in 2022, offered the same rate for both briquettes and pellets. However, the revised scheme now differentiates between torrefied and non-torrefied pellets, with significantly enhanced subsidies to promote cleaner energy alternatives. [...]