Cabinet clears ₹23.7k-crore GOBARdhan ‘waste-to-energy’ biogas scheme
The ₹23,731-crore GOBARdhan scheme marks a shift from piecemeal incentives to a full-market framework for compressed biogas. By guaranteeing demand and supporting production as well as investment, India looks to create a ₹75,000-crore industry while reducing gas imports.
The Union Cabinet has approved a ₹23,731-crore GOBARdhan scheme aimed at bolstering India's compressed biogas (CBG) sector. The National Circular Bioenergy Scheme seeks to address demand, pricing, and infrastructure issues to attract private investment, boost domestic production, and reduce fossil fuel dependence. The biogas ecosystem will be built over a 10-year period, starting from fiscal year 2027 to 2036, with an expected 10-fold increase in domestic CBG production.
The government expects this to save over ₹40,000 crore in foreign exchange by reducing natural gas imports. Approximately 5 million metric standard cubic metres per day of CBG output is targeted for the next decade, which will replace around 10 million metric tonnes of fossil fuels. The scheme offers an administered price of ₹2,110 per MMBTU with a 10-year pricing framework, capital assistance, pipeline connectivity, and credit guarantee mechanisms to support project viability.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
