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The Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti has introduced a Unified Registration Portal for GOBARdhan (gobardhan.co.in) to streamline the registration of Compressed Bio-Gas (CBG) and biogas plants nationwide. The DDWS, being the Nodal Department for GOBARdhan, announced that over 1163 biogas plants and 426 CBG plants have successfully registered on the portal to date. These registered CBG/Biogas plants are eligible for assistance under the Market Development Assistance (MDA) scheme of the Deptt. of Fertilizers, Ministry of Chemicals & Fertilizers. According to the guidelines, MDA of Rs. 1500/MT will be granted for the sale of Fermented Organic Manure (FOM)/ Liquid Fermented Organic Manure (LFOM)/ Phosphate Rich Organic Manure (PROM) produced at BG/CBG plants under the GOBARdhan initiative. Learn Along: The MDA scheme has been launched with a robust budget of Rs. 1451.82 Crore spanning three years (FY 2023-24 to FY 2025-26) to promote production and take-up of organic fertilizers generated from GOBARdhan plants inter alia, promoting sustainable/organic agricultural practices throughout the country. Its objective is to drive the widespread adoption of organic manure, ushering in savings for rural households by cutting down reliance on chemical fertilizers/urea. On the CBG/Biogas plant front, the MDA scheme is a massive booster shot for the sector. As India gears up to meet INDC/climate targets and achieve net-zero commitments, the scheme guarantees the financial health of CBG plants, making them magnets for private investments. GOBARdhan, a trailblazing multi-ministerial initiative, is on a mission to transform biodegradable and organic waste, including cattle dung, agricultural residues, and biomass, into high-value resources like biogas, CBG and organic manure. This visionary "Whole of Government" approach not only ushers in the era of high-value Biogas/CBG production but also harnesses the power of bio-slurry - a FOM that turbocharges soil health, carbon content and water retention capacity.
The Reserve Bank of India (RBI) imposed a penalty of Rs 12.19 crore on ICICI Bank for the violation:
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