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Under the scheme, the government had last year announced a soft loan of Rs 4,400 crore, and provided an interest subvention of Rs 1,332 crore to the sugar mills over a period of five years, including a moratorium of one year.Get Price
· The role played by NCDC in promoting and financing cooperative sugar mills has given a real boost to sugar industry. Consequently, the share of cooperatives in the national production of sugar has risen from 15.54 lakh tons in 73-74 to 83.21 lakh tons in 2015-16.Get Price
The Centre on Thursday announced an additional soft loan of Rs 12,900 crore for sugar mills to create ethanol capacity under a recently launched scheme. In addition, the government said a separate ...Get Price
SOFT LOAN TO SUGAR MILLS All those sugar companies/mills which have – At least undertaken sugar prod 2013-14 & 2014-15 Cleared at least 50% cane price. For payment of cane price arrear of farmers, for the sugar season 2014-15 relating to fair & remunerative price fixed by cen govt for that sugar season. Nil 11% of reported sugarGet Price
Apr 11, 2019 · The Centre had recently announced a soft loan of Rs 10,540 crore for payment of Fair and Remunerative Price (FRP) in the sugar season of 2019-2020.
Dec 23, 2018 · Goog news for sugar mills: Govt mulls additional soft loan of Rs 7,400 crore for ethanol expansion The food ministry is also considering tweaking the scheme to ensure that non-molasses-based distilleries are also able to avail soft loans under the scheme launched in June for expansion and setting up of new ethanol plants.Get Price
LAHORE: The Lahore High Court on Tuesday ordered for completing auction of a property related to Haseeb Waqas Sugar Mills, owned by a cousin of former prime minister Nawaz Sharif, for payment of...Get Price
The Centre on Thursday announced an additional soft loan of Rs 12,900 crore for sugar mills to create ethanol capacity.[PDF]Get Price
Forty-nine out of 172 sugarcane mills in India's Maharashtra state had their applications for soft loans with banks rejected, according to Indian Express news website.Get Price
The food ministry has selected 114 sugar units belonging to various companies that can avail this loan. Under this scheme, Triveni Sugar Mill will bag the maximum subsidised loan of Rs 696.9 crore, tailed by Shree Renuka Sugars at Rs 382.7 crore, Dalmia Bharat .Get Price
Thus far, about 160 mills have availed a total of about Rs 3000-3,500 crore of loans under the scheme, sugar industry executives said.
The Narendra Modi government, keen to avoid any political fallout arising from mounting arrears to sugarcane farmers, has decided to give soft loans of up to ₹10,500 crore to sugar mills.
Mar 14, 2019 · Bowing to pressure from sugar mills in the country, the government has extended the date for clearing part dues that the mills owe to sugarcane farmers to March 26 from the earlier deadline of .Get Price
Aug 12, 2015 · Govt eases norms for sugar mills to borrow Rs 6,000 cr soft loan. The government Wednesday eased norms for sugar mills to borrow soft loans of Rs 6,000 crore to help clear arrears of Rs 15,400 crore to sugarcane growers.Get Price
Aug 12, 2016 · Sugar mills in Maharashtra have urged the Centre to restructure their soft loans taken a couple of years ago. Mills say that they are not in a position to .Get Price
Sugar mills will get loan against buffer stock of sugar from banks. The Reserve Bank of India has issued order to the banks to implement the decision taken in this regard in 2007. The step will give some relief to the cash-starved sugar mills.Get Price
Further, with a view to liquidate cane price dues of sugarcane farmers, the Central Government has now decided to extend soft loans of about Rs 7900-10540 crore to sugar mills through banks to facilitate payment of cane dues of the farmers for the current sugar season 2018-19 for which Government would bear interest subvention of about Rs 553 crore to Rs 1054 crore for one year.Get Price
The sugar mills were supposed to apply for the soft loan by October 15 while commercial banks were mandated to process and clear the loan proposals by October 31.Get Price
The Centre's decision to provide ₹10,540 crore as soft loans to sugar mills to help clear mounting arrears to cane farmers is being slammed as an election gimmick by both opposition ...[PDF]Get Price
Mar 08, 2019 · Earlier this month, the CCEA approved a proposal to grant a soft loan of Rs 8,000-10,000 crore to sugar mills that would be paid directly to farmers. The loans will be provided at a subsidised interest rate of 7-10 per cent for one year, for which government will bear an interest subsidy burden of .Get Price
One of the country's largest sugar mills, Mawana Sugars Ltd, has defaulted on Rs250 crore ($40 million) of outstanding loans from a consortium of lenders, according to an official from the company.Get Price