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India’s Biodiesel Programme: A Pathway for Sustainable Entrepreneurship, Employment Generation and Inclusiveness

Author

Listed:
  • Biswas, Pradip
  • Verma, Jyotiprakash
  • Pohit, Sanjib

Abstract

The biodiesel programme introduced by the Government of India in the beginning of this century represents a unique case of the development of numerous sustainable entrepreneurs, substantial employment generation for the poor and reduction of carbon footprints without compromising food security and thus promote equity and social justice. It is estimated that a 20% biofuel blending through domestic feedstock production would create 6.37 million sustainable entrepreneurs and185.15 million man-days per year by 2020. Given the availability of wasteland in the country this target is achievable. The two most important factors that restrained the success of the programme are the uncertainties in yield and seed prices for the farmers. As the domestic price of petroleum is linked to global crude price, any decline in the price of crude in the world market would reduce the feedstock prices in the local market. It therefore requires fixing minimum support prices for seeds and stabilizing yield at higher level through R&D. Given all this potential benefits and the recent trend of jobless growth in the country the programme deserves to be implemented more vigorously.

Suggested Citation

  • Biswas, Pradip & Verma, Jyotiprakash & Pohit, Sanjib, 2018. "India’s Biodiesel Programme: A Pathway for Sustainable Entrepreneurship, Employment Generation and Inclusiveness," MPRA Paper 94719, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:94719
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Biodiesel; Entrepreneurship; Jatropha; Employment; Marginal farmers;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other

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