The Cabinet Committee on Economic Affairs (CCEA) authorized a number of measures to help , sugar cane, and jute growers.
Highlights:
The CCEA raised the price of ethanol made from sugar cane juice in order to blend it with gasoline.
Blending of ethanol with gasoline is predicted to reach 10% by 2022 and 20% by 2025.
The rate of ethanol produced from C-heavy molasses has also risen thanks to CCEA.
At the rate specified by the government, oil Marketing corporations buy ethanol from distilleries and sugar mills.
The ethanol blending scheme helped to minimize the country’s reliance on crude oil imports.
The Cotton Corporation of India received committed price assistance of Rs. 17,408.85 crore from the CCEA (CCI).
Reservation guidelines for the required use of jute in packaging were authorized by the CCEA.