Which of the following is/are the measure/measures undertaken by the Government of India to promote the production of Compressed Bio-Gas (CBG)?
- 1. Central financial assistance for setting up of plants for generation of Bio-CNG
- 2. Inclusion of CBG projects under Priority Sector Lending
- 3. Concession on customs duty for the import of machinery required for setting up of projects
Select the correct answer using the code given below.
1 and 2 only
2 and 3 only
1, 2 and 3
1 only
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This question was previously asked in
UPSC CISF-AC-EXE – 2024
2. CBG projects are included under the Priority Sector Lending guidelines by the Reserve Bank of India (RBI), facilitating easier access to credit from banks for setting up these plants.
3. The government provides customs duty concessions and exemptions for the import of specific machinery and equipment required for CBG purification, compression, and bottling plants, particularly those not manufactured domestically, to reduce project costs and encourage investment.