Govt notifies scheme to make cooperative sugar mills loan eligible

The scheme which was notified today is expected to directly benefit almost 63 cooperative sugar mills in the country which have distilleries attached with them

In a move to enhance the economic viability of cooperative sugar mills and boost ethanol production, the Centre has notified a scheme allowing them to access subsidised loans for converting existing sugarcane-based ethanol distilleries into dual-feed units.

  The scheme, notified on Friday, is expected to benefit nearly 63 co-operative sugar mills with attached distilleries. It will also further strengthen the ethanol blending program by enabling cooperative sugar factories to produce ethanol from grains and corn, in addition to molasses.

  Until now, the interest subvention scheme for converting single-feed distilleries into multi-feed ones was available only to private sugar