A high-level government panel on Friday decided to offer a relief package to the sugar sector that includes interest-free Rs 7,200-crore loans from banks. A part of the interest on the loans aimed at helping millers clear dues to farmers will be borne by the Centre and the rest by the Sugar Development Fund (SDF) created from the cess collected on cane crushing.Of the 12 per cent interest, seven per cent will be borne by the SDF and five per cent by the Centre, Agriculture Minister Sharad Pawar, head of the group of ministers, said after a two-hour meet of central and chief ministers and officials of sugar-producing states.

Source : http://www.business-standard.com/article/economy-policy/rs-7-2k-cr-free-loans-for-sugar-mills-113120600462_1.html

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