Wednesday, June 19, 2024
HomeindiaGOBARdhan scheme to promote circular economy with investment of Rs 10,000 cr:...

GOBARdhan scheme to promote circular economy with investment of Rs 10,000 cr: FM

India

GOBARdhan scheme to promote circular economy with investment of Rs 10,000 cr: FM

Presenting the Union Budget for 2023-24, Sitharaman also said the government will facilitate 1 crore farmers to adopt natural farming

Press Trust of India Last Updated:February 01, 2023 13:39:57 IST GOBARdhan scheme to promote circular economy with investment of Rs 10,000 cr: FM

Finance Minister Nirmala Sitharaman. ANI

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said 500 new waste-to-wealth plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting circular economy.

These will include 200 compressed biogas (CBG) plants, including 75 plants in urban areas, and 300 community or cluster-based plants at total investment of Rs 10,000 crore.

Presenting the Union Budget for 2023-24, she also said the government will facilitate 1 crore farmers to adopt natural farming.

Related Articles

Budget

Budget 2023: Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs, says FM

Budget

Union Budget 2023-24: Why agricultural land tax needs some attention from government

Besides, the government will take up mangrove plantation along the coastline under the new MISHTI scheme, she added.

Sitharaman also said the government would promote conservation values through a scheme to encourage optimal use of wetlands.

Further, a green credit programme will be notified to incentivise environmentally sustainable and responsible actions by companies, she said.

Gaurav Kedia, Chairman, Indian Biogas Association said the Budget prioritizes the adoption of green fuel, energy, and building practices to reduce carbon intensity and create new green job opportunities.

“The 7 main priorities, referred to as “Saptrishi,” aim to drive sustainable and environment-friendly economic development. The government’s commitment to this “green growth” approach is a step towards building a cleaner and more prosperous future for all Indians,” he added.

Read all the Latest News, Trending NewsCricket News, Bollywood News,India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.  

RELATED ARTICLES
- Advertisment -

Most Popular