Employees carry sacks of sugar in Simbhaoli, India (Photographer: Pankaj Nangia/Bloomberg)

Cabinet Approves Rs 2,790-Crore Interest Subvention On Loans To Sugar Mills 

The Cabinet Committee on Economic Affairs approved Rs 2,790-crore interest subvention for extending loans by banks to sugar mills, Finance Minister Arun Jaitley said.

This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs in June 2018.

The interest subvention is for extending loans of Rs 12,900 crore by banks to sugar mills under the scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity, he said.

Also read: Cabinet Approves Up To Rs 10,540 Crore Soft Loans To Sugar Industry