Business News
Home > Business News
2-year moratorium for weak sugar mills as per guidelines to restructure SDF loans
TIWN
TIWN
PHOTO : TIWN
New Delhi, Jan 6 (TIWN) With an aim to clear the outstanding amount of default of loans of Rs 3,068.31 crore under Sugar Development Fund (SDF) Act, 1982 and to revive financially weaker but economically viable sugar mills, the Centre has come up with a set of guidelines to restructure such loans.
As on November 30, 2021, of the outstanding amount of default on SDF loans, which is Rs 3,068.31 crore, as much as Rs 1,249.21 crore is the principal amount while Rs 1,071.30 crore is interest and Rs 747.80 crore is additional interest due to default.
Add your Comment
Comments (0)
More Business News
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report