Goog news for sugar mills: Govt mulls additional soft loan of Rs 7,400 crore for ethanol expansion
The food ministry is also considering tweaking the scheme to ensure that non-molasses-based distilleries are also able to avail soft loans under the scheme launched in June for expansion and setting up of new ethanol plants.
Currently, molasses-based distilleries are allowed under the scheme. The entry of standard distilleries will help diversion of more cane during surplus season. Reuters