{"id":263081,"date":"2019-03-08T05:45:46","date_gmt":"2019-03-08T05:45:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263081"},"modified":"2019-03-08T05:51:38","modified_gmt":"2019-03-08T05:51:38","slug":"cabinet-okays-rs-15500-cr-loan-for-sugar-mills-to-boost-ethanol-capacity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-okays-rs-15500-cr-loan-for-sugar-mills-to-boost-ethanol-capacity\/","title":{"rendered":"Cabinet okays Rs 15,500-cr loan for sugar mills to boost ethanol capacity"},"content":{"rendered":"<p>To boost ethanol capacity in sugar mills, the Cabinet Committee on Economic Affairs (CCEA) on Thursday cleared an extra soft loan of Rs 15,500 crore under a recently launched scheme. The government will bear an expenditure of Rs 3,355 crore as interest subvention for this.<\/p>\n<p>This includes a soft loan of Rs 2,600 crore which will be provided to molasses-based standalone distilleries to augment capacity and set up new units. <\/p>\n<p>In June 2018, the government announced a soft loan of Rs 4,400 crore and provided an interest subvention of Rs 1,332 crore to mills over five years, including a moratorium period of one year, to augment ethanol output. <\/p>\n<p>So far, the food ministry has approved 114 applications for a loan amount of Rs 6,000 crore although applications received were for over Rs 13,400 crore worth of soft loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To boost ethanol capacity in sugar mills, the Cabinet Committee on Economic Affairs (CCEA) on Thursday cleared an extra soft loan of Rs 15,500 crore under a recently launched scheme. The government will bear an expenditure of Rs 3,355 crore as interest subvention for this. This includes a soft loan of Rs 2,600 crore which will be provided to molasses-based standalone distilleries to augment capacity and set up new units. In June 2018, the government announced a soft loan of Rs 4,400 crore and provided an interest subvention of Rs 1,332 crore to mills over five years, including a moratorium [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-263081","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=263081"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263081\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}