Mumbai, June 7 -- The Maharashtra government has decided to crack the whip on 31 sugar cooperative factories, mostly controlled by political leaders from various parties, for defaulting on loan repayment. In a government resolution issued on Thursday, the state administration has resolved to hold the boards of directors of these factories accountable for recovery. The Maharashtra government has stood bank guarantee for the margin money loan of Rs.4,355 crore to 31 factories from the National Cooperation Development Corporation (NCDC), controlled by the Centre. The loan is given for eight years, with the repayment beginning in the third year. Factories have to pay loan interest for first two years. Most of the factories have failed to pay th...