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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 9 of the said notification dated 22.04.2022, Central Government has decided that Para 5(ii) of the notification dated 22.04.2022 may be read as under:
The applicant should get the loan disbursed from the bank/ NCDC /IREDA / NBFCs / any other financial institutions which are eligible for re-finance from NABARD, within one year or 30.09.2023, whichever is later, from the date of in-principle approval of DFPD, failing which the in-principle approval for the project will stand cancelled. Further, the project should be completed within 2 years from the date of disbursement of 1st instalment of loan from bank/ NCDC/IREDA/NBFCs/any other financial institutions which are eligible for re-finance from NABARD.

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