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Sugarcane farmers question Maharashtra government's approach to helping them through factory owners

2014-01-27 07:48:36| Sugar Industry News

Sugar factories in Maharashtra should be rejoicing at the largesse from the centre. They will get around Rs 2,200 crores as an interest-free loan from the central government in a first tranche of a total loan of Rs 6,600 crores. The interest burden of this interest-free\' loan is over Rs 2,750 crores (on Rs 6,600 crores, 5 years repayment period with a 2 year moratorium) providing a bonanza to sugar factories.

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