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Subsidy For Biomass Briquetting Plant Project In India

blog.briquettingpressmachine.com/subsidy-for-biomass-briquetting-plant-project-in-india/

Subsidy for biomass briquetting plant project is the unique feature of this project. The new energy system biomass briquette plant is the great option for need of renewable energy in future. Sustainable energy sources are new expect for future energy sources and that’s why biomass briquetting plant is more preferable in India as well as foreign countries. Government encourages biomass briquette plant project by offering best subsidy plans to buyers. You can find any information of government incentives on biomass briquetting project, here.
State Subsidy for briquetting machine in India is varies depends upon government taxes. Due to subsidy for biomass briquette plant in India, advantages and profitability of briquetting press machine is great. Being Agriculture country, the current availability of biomass in India is estimated at about 500 millions metric tones per year which is useful as raw material in briquetting plant which can replace lignite, natural gas, black coal etc… fossil fuels.
Briquetting plant
The Major Incentives By The Indian Government
The Indian government offered various incentives and relaxation on purchasing biomass briquetting plant project. There are some privileges which are given by Indian Government to install biomass briquetting plant project.
  • 100% Depreciation: The total value of briquetting plant and machinery is allowed to be depreciated in the first year.
  • Sales Tax Exemption: The various states like Gujarat, Maharashtra, Thailand, Madhya Pradesh, Rajasthan, Pondicherry & Delhi have exempted biomass briquettes from sales tax. Other states of India are also considering the same and many states offering sales tax exemption in rural area for sustainable rural development.
  • No Licenses: The whole manufacturing industry of non predictable energy sources has been exempted for obtaining any license.
  • Excise Exemption:  The biomass briquettes are completely exempted from Excise duty. The Government is also considering exemption in the case of plant and machinery.
  • Income tax release for first five years.
  • The Central and State Government give subsidies which is the top most benefit of this plant.
  • Low rate of interest from govt. financial institutions.
Researchers said that, you can get back the total investment in only 1 year which is spent on briquette plant set up and income ratio is still constant. If you are interested in “subsidy for biomass briquetting plant in India” then you can find well known and reputed briquette plant manufacturers on Internet. Spread this message for better renewable energy future.

Comments

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