India’s JI-VAN scheme provides viability-gap support for second-generation ethanol plants that use crop residues and other lignocellulosic biomass rather than food crops. The article describes the original 2019 program, funding approved for projects, and a 2024 amendment that extended the scheme through 2028–29 and broadened eligible feedstocks.
Support for residue-based ethanol could diversify India’s biofuel feedstocks and, if scaled, reduce competition between fuel production and grain use. The article summarizes an existing scheme and does not report a new funding decision or immediate change in grain demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.