India, March 11 -- The Government of India issued the following news release:
To increase the flow of funds to Cooperative Sugar Mills, Ministry of Cooperation is implementing a scheme namely 'Grant in Aid to NCDC for Strengthening of Cooperative Sugar Mills (CSMs)'. Under the scheme, grant of rs 1,000 crore has been provided to NCDC during FY 2022-23 and 2024-25. NCDC will leverage this grant to borrow funds from the market to provide financial assistance to CSMs upto rs 10,000 crore for meeting their requirement for setting up ethanol plant, cogeneration plant and working capital. Under the scheme, NCDC has so far sanctioned 87 loans of rs 9,893.12 crore to 48 CSMs.
The details of financial assistance disbursed to sugar cooperatives by ...