BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finance up to 100 crore will be treated as agriculture advance
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Minimum capacity of CBG is 2 ton per day
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Type of Facility-Term loan, working capital, BG and LC
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Margin 25% for WC and 30% for term loan
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All of the above
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Detailed explanation-1: -CBG has calorific value and other properties similar to CNG and hence can be utilized as green renewable automotive fuel. Thus it can replace CNG in automotive, industrial and commercial areas, given the abundance of biomass availability within the country.
Detailed explanation-2: -Capital Subsidy 4 crores per 4, 800kg of CBG per day generated from 12, 000 cubic meters of biogas per day, with a maximum of Rs. 10 crore per project.
Detailed explanation-3: -It mainly consists of methane and carbon dioxide and is a renewable source of energy as it is produced from raw materials like Municipal waste, plant materials, sewage, green waste or food waste and agricultural waste.
Detailed explanation-4: -The Bio-CNG potential in India is estimated at 62 million metric tonnes (MMT) per annum, of which the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme aims to tap 15 MMT. The scheme plans to achieve this by installing 5, 000 Bio-CNG plants across the country by 2023-24.