What is Biofuel ? How to make it a small business enterprize" ?
Biofuel is fuel produced from renewable resources, especially plant biomass, vegetable oils, or treated municipal and industrial wastes. Biofuels are considered neutral with respect to the emission of carbon dioxide because the carbon dioxide given off by burning them is balanced by the carbon dioxide absorbed by the plants that are grown to produce them. The use of biofuels as an additive to petroleum-based fuels can also result in cleaner burning with less emission of carbon monoxide and particulates.
Biotechnology is one of the most effective and innovative tools available to attain European targets for biofuel use, while reducing adverse environmental impacts of transport, and limiting the impact of the increased cultivated land area.
Farm Forestry is good income generating business of small, medium and large scale farmers in tropical country like India. Farm Forestry of Eucalyptus, Popular, Casuarina, Seema rouba, Jetropha, Pongamia, Acacia auriculiformis, Casia siamia etc is in vogue among farmers in India. If any body having a piece of 3 acres of land at least can grow all such fast growing and high yielding varieties of forestry tree species which provide not only pulp wood but also bio fuel, bio diesel, fuel wood and medicines. Number of Banks are providing buyback guarantee with skill upgradation along with training of the farmers which could be availed along with the loans from them. It takes minimum 4 years to achieve break even point and the rate of returns are more than 25 percent.
