Government Encourages Biomass Briquette Plant project so that people now switch over towards the use of biomass briquettes. You can find any details of Government’s relaxation and incentives on briquetting plant project, here. Government encourages this project more and more due to its Eco friendly features.
Briquetting plant project is related to bio energy. Under this project the company will produce biomass briquettes which are also known as ‘White Coal’ in the industry. The bio fuel is produced from agriculture waste and on burning does not create any pollution. Biomass briquetting plant India is the great project for the need of renewable energy in future and renewable energy sources are hope of our upcoming generation’s better future.
Biomass briquetting plant project is more preferable in India as well as in foreign countries. State subsidy for biomass briquette plant in India is varies depends upon government taxes.
Government Fiscal incentives:
The Indian Government has offered various incentives for implementation of the biomass briquette plant project. Some of the highlights of the incentives which is offered by the Indian Government for biomass briquette machine.
- 100% income tax free for the First five years
- A subsidy of 35% on the cost of the plant is provided by the Government
- 80% depreciation on Capital cost in the First years itself
- No necessity of NOC from State pollution Boards
Due to Subsidy for biomass briquetting plant in India, benefits and profitability on this project is great. Being Agriculture country, India have abundance source of agro raw material which can be useful as raw material in briquetting plant which can replace wood, black coal, lignite and so on.
Renewable energy related source said that there are up to 20% Subsidy for biomass briquette press. One can get back the total investment in just 1 year which is spent on briquetting plant set up and the profit ratio is moreover constant.
For biomass briquetting project, the banks and other financial organizations used to offer valuable loans. Along with bank, the State Government is also giving subsidy up to 35% of the total plant investment in states like Gujarat, Tamilnadu, Maharashtra, Hariyana, Rajasthan, Punjab, Madhya Pradesh, etc…
If you are interested in this project “Subsidy for Biomass Briquetting Plant in India”, then you can find various briquetting plant manufacturers on the internet who can give you superior quality biomass briquetting machinery as per your requirement.