“A new Central Sector Scheme namely ‘Grant in Aid to NCDC for strengthening of Cooperative Sugar Mills (CSMs)’ was approved by Finance Minister. The scheme envisages to provide loans upto Rs 10,000 Cr through NCDC to cooperative sugar mills by leveraging the grant-in aid to NCDC for activities like setting up of ethanol production plants, cogen plants or working capital requirements. The total outlay of the scheme is Rs 1000 Cr with Rs 500 Cr each to be released during the FYs 2022-2023 and 2023-2024. In this connection, Rs 500 Cr has already been released as first tranche under this scheme for FY 2022-2023.”
