ANNOUNCEMENT 26 Dec 2013In December 2013, the government of India announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
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.