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Legal Central Ministry of Consumer Affairs, Food and Public Distribution Essential Commodities Act, 1955

The Ministry of Consumer Affairs, Food and Public Distribution has issued a notification regarding Loan disbursed to facilitate increase production and supply of ethanol and its supply under Ethanol Blended with Petrol (EBP) Programme

21-Jun-2023 | No. 1(10)/2018-SP-I

The Ministry of Consumer Affairs, Food and Public Distribution has issued a notification regarding Loan disbursed to facilitate increase production and supply of ethanol and its supply under Ethanol Blended with Petrol (EBP) Programme especially in the surplus season and thereby to improve the liquidity position of sugar mills enabling them to clear cane price arrears of the farmers, notified different interest subvention schemes for sugar mills enabling them to clear cane price arrears of the farmers, notified schemes for sugar mills and Distilleries during 2018-2019.
By virtue of this Notification, now in pursuance of para 10 of the said notification dated 08.03.2019, Central Government has decided that Para 6(ii) of the notification may be read as under:-
the applicants who have submitted their applications after the date of notification of the scheme should get the loan disbursed from the bank by 30th September, 2023, failing which the in-principle approval for the project will stand cancelled.
Further, the project should be completed within two and a half years from the date of disbursement of first installment of loan from bank.

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