Overview
Bio CNG (Compressed Natural Gas) is a renewable form of energy produced by
biomass through anaerobic digestion or other biological processes. Bio CNG is considered an eco-friendly alternative to conventional fossil fuels and can be used for
transportation,
electricity generation, and
industrial applications. The increasing focus on renewable energy sources has created significant growth opportunities for bio CNG production.
Scalability & Profitability
The bio CNG industry is expanding rapidly, driven by the global shift towards
renewable energy and
clean fuels. The business is scalable, especially with the government’s push for cleaner energy. Profit margins typically range from
15% to 25%, with a higher potential for growth as the market for green energy expands.
Eligibility Criteria
- Facility Setup: Requires biogas plants, gas compressors, and storage tanks for the production of Bio CNG.
- Regulatory Compliance: Must adhere to environmental regulations for gas production and emissions.
Where You Can Apply for Subsidies
- MSME Schemes: Financial support for setting up infrastructure, machinery, and initial operations.
- National Bioenergy Program: Government funding for bioenergy projects, including Bio CNG production.
Project Cost & Subsidy
The cost for setting up a Bio CNG plant can range from
INR 50 Lakhs to INR 3 Crores, with subsidies available up to
30% of the project cost.
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
