Karnataka to get $50 million dollars for biofuel

In India the Karnataka States’ Biofuel Development Programme  is set to get a boost in the form of  $50 million dollars from International Fund for Agriculture Development (IFAD). The loan can be utilized in various activities such as plantation of biofuel crops and production.

Biofuel Development Board of Karnataka has been active in promoting biofuels and  has established biofuel information and demonstration centres with about 100 l per day capacity in each district. These centres are being scaled up to 150-200 l capacity. The Board also owns a 500 litre biodiesel production plant at Hatti Gold Mines.

The loan conditions include 1% interest with a 50-year repayment period.

1 Comment

  1. Congratulations! I was very happy to learn about it. This project will generate revenue and employment. The biofuel production units will help other states to put up new plants.

Leave a Reply

Your email address will not be published. Required fields are marked *