IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Jun 2015 | Removal date: open ended
Still in force

State loan

 On 10 June 2015, the Indian Cabinet Committee on Economic Affairs approved additional support to the sugar mills in the form of loans with interest subvention. Loans to the extent of INR 6,000 crore(~USD 941 million) will be provided with a 1 year moratorium. Instead the interest burden of this first year worth INR 600 crore will be borne by the government.
 
In 2013, the sugar mills were provided with 5 years interest free loan to the extent of INR 6600 crore as well (see related measure).
 
*INR to USD conversion as on 3o June 2014 @ INR 63.76/USD.
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170114 Other cane sugar

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