PNB, Assam Bio-Refinery Sign Pact for Bio-Ethanol in Assam

GUWAHATI: Punjab National Bank (PNB) Saturday entered into an agreement with Assam Bio-Refinery for producing bio-ethanol in a programme held at Srimanta Sankardev International Convention Centre here.
The ceremony was attended by Assam chief minister Himanta Biswa.

As a part of the MoU, Punjab National Bank will provide loans to agriculture farmers to raise bamboos which Assam Bio-Refinery will purchase to produce bio-ethanol.

Speaking on the occasion, Sarma while terming the occasion as a good beginning, said that the MoU will encourage and empower the farmers to cultivate bamboos which in turn will help in producing green energy.

Sarma said that the Assam government is working wholeheartedly to maximize the use of green fuel thus reducing contributing factors of environmental pollution.

Referring to the state government’s Ethanol Production Promotion Policy, Sarma said that the government is always on the lookout to increase the production of bio-ethanol.

Thanking the Punjab National Bank for its initiative in giving loans to the farmers to encourage the production of bio-ethanol, Sarma said that the move would be a giant step towards empowering the farmers and entrepreneurs associated with bamboo cultivation.

He also requested the Punjab National Bank to participate with the government in expediting the pace of development in the state, as the government is always with the bank to help its different ventures.

On the occasion, the chief minister also presented loan sanction letters to a few farmers as a part of the bank’s mega credit camp.

Bodoland Territorial Region (BTR) chief Pramod Boro, managing director cum CEO of Punjab National Bank Mallikarjun Rao, managing director of Assam Bio-Refinery SK Baruah, zonal manager NE Region of Punjab National Bank SS Singh also spoke on the occasion.

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