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The Economic Times

Economy / The Economic Times

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Govt approves Rs 4,687 crore interest subsidy for ethanol projects

The government has approved 4,687 crore in interest subsidies for eligible ethanol projects. This support covers interest subvention for new distilleries and capacity expansions. Since 2022-23, 2,075 crore has been released to Nabard for fund disbursement. ONGC will develop half of a 1.75-mt strategic petroleum reserve. This reserve will be located at Mangaluru and earmarked for strategic use.

4 Aug 2026 1:12 am