The Ministry of Consumer Affairs, Food and Public Distribution (MoCAFPD) on June 21, 2023, issued an amendment to Notification No. S.O. 3523(E) dated July 19, 2018, which states “Scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity”
The following has been stated namely: -
• Para 5(ii) of the notification may be read as under: -
“The applicant should get the loan disbursed from the bank by 30th September, 2023, failing which the in principle approval for the project will stand cancelled. The applicants who have submitted their applications to DFPD after the date of notification of the scheme but within the cut-off date prescribed in the notification dated 19.07.2018 and in case of whom, loans were disbursed to them prior to the in-principle approval of DFPD, will also be eligible for interest subvention under the scheme. Further, the project should be completed within two and a half years from the date of disbursement of first installment of loan from bank.”
[Notification No. 1(10)/2018-SP-I]
