Interest-Free Loan! Another step by Modi government towards Atma Nirbhar Bharat
The government today approved grant of Interest Free Loan (IFL) worth Rs 1257.82 cr to Hindustan Urvarak and Rasayan Limited (HURL) three units - Rs 422.28 cr, Rs 415.77 cr and 419.77 cr to Gorakhpur, Sindri and Barauni projects respectively, according to a government release. The repayment of IFL would be done in 8 years beginning 2022-23
Loan will help the three plants to start commercial production of neem coated urea by the year 2021, the release said. Source: Reuters