India likely to consider proposal on providing interest-free loans of 72B rupees for nation's sugar industry to make payments to sugarcane farmers

NEW DELHI , December 18, 2013 () – The Cabinet is likely to consider on Thursday a proposal on providing interest-free loans of Rs 7,200 crore to the cash-starved sugar industry for making sugarcane payment to farmers.

"Incentives to the sugar industry will be announced in two stages. Some will be considered this week, others will be taken up in the next week," Agriculture Minister Sharad Pawar told reporters here.

A source said the Food Ministry's proposal on giving Rs 7,200 crore interest-free loans to the beleaguered sugar industry, as suggested by the informal group of ministers headed by Pawar, is expected to come before the Cabinet for discussion itself. Published by HT Syndication with permission from Pioneer. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

(c) 2013 Pioneer

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