To increase ethanol capability in sugar generators, the Cabinet Committee on Economic Affairs (CCEA) has cleared a further gentle loan of Rs 15,500 crore underneath a lately launched scheme. The government will endure an expenditure of Rs 3,355 crore as hobby subvention for this.
This includes a gentle mortgage of Rs 2,six hundred crore so that you can be furnished to molasses-primarily based standalone distilleries to reinforce capability and installation new units.
In June 2018, the government announced a smooth mortgage of Rs 4,four hundred crore and furnished an hobby subvention of Rs 1,332 crore to turbines over five years, together with a moratorium length of three hundred and sixty five days, to augment ethanol output.
So a ways, the meals ministry has permitted 114 packages for a loan quantity of Rs 6,000 crore although packages acquired were for over Rs thirteen,400 crore really worth of smooth loans.
Sugarcane dues have crossed Rs 20,000 crore until February of this advertising yr (October-September).
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