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    HomeNewsBusinessEconomyCCEA approves Rs 2,790 cr interest subvention on loans to sugar mills

    CCEA approves Rs 2,790 cr interest subvention on loans to sugar mills

    This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018.

    PTI
    March 07, 2019 / 13:46 IST

    The Cabinet Committee on Economic Affairs on Thursday approved Rs 2,790 crore interest subvention for extending loans by banks to sugar mills, Finance Minister Arun Jaitley said.

    This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018.

    The interest subvention is for extending loans of Rs 12,900 crore by banks to sugar mills under the scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity, he said.

    PTI
    first published: Mar 7, 2019 01:40 pm

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