IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 26 Dec 2013 | Removal date: open ended

State loan

On 26 December 2013, the Cabinet Committee on Economic Affairs of India approved an interest free loan of INR 6,600 crore (USD 1.07 billion) for the sugar industry to pay off debt to sugarcane farmers. The scheme is financed by the Sugar Development Fund. The loan runs for a period of 5 years with a 2 year moratorium.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170113 Cane sugar specified in Subheading Note 2 to this Chapter
170114 Other cane sugar

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