The Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD) on February 28, 2024, notified regarding the Revised Operational Guidelines for Restructuring of SDF loans under SDF Rule 26.
The following has been stated:
• Eligibility Criteria:
o The sugar factory has been incurring cash losses continuously for the last 3 financial years or the Sugar Factory's net worth is negative.
o The sugar factory is not closed/has not ceased to crush cane for more than 2 sugar seasons excluding the current sugar season.
o An undertaking from the applicant sugar factory certifying that the area of operation of the mills has potential for the development of cane.
o The sugar factory has conducted the latest audit and has convened the AGM timely.
[Notification No I-22022-SDF]
