Summary
The government has so far received around 150 proposals from sugar mills like Bajaj Hindustan, seeking soft loan under a recently launched scheme for expansion and setting up of a new ethanol capacity, a senior Food Ministry official said today.
In June, the government had announced a soft loan of Rs 4,440 crore to mills for creating ethanol capacity and also promised to bear an interest subvention of Rs 1,332 crore over a period of five years including moratorium period of one year. This was one of the measures taken to help cash-starved mills to clear huge dues of cane growers.
"Sugar mills have shown interest to build ethanol cap......