The Cabinet Committee on Economic Affairs ( CCEA) approved interest-free loan for the ailing sugar industry to pay off cane arrears.
Food minister KV Thomas said: "A loan amount of around Rs 6,000-7,000 crore would be extended to the sugar industry."
The interest amount would be paid by the Centre and through the Sugar Development Fund.
This bailout package has been announced in the wake of mounting cane arrears.
Due to high state-advised cane prices and fa ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27668245.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Food minister KV Thomas said: "A loan amount of around Rs 6,000-7,000 crore would be extended to the sugar industry."
The interest amount would be paid by the Centre and through the Sugar Development Fund.
This bailout package has been announced in the wake of mounting cane arrears.
Due to high state-advised cane prices and fa ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27668245.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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