Search
Saturday, September 5, 2009
The scheme for providing term Idan assistance to existing cooperative sugar mills for modernization/expansion and also setting up of by-product units are dovetailed with the soft loan assistance from the SDF towards meeting the shortfall in promoters' contribution. SDF assistance would be routed through NCDC even if the term loan is provided by other financial institution or bank. CDC is recognized as one of the financial institution for prOViding assistance under a scheme implemented by the Sugar lechnology Mission (STM) and also by the Ministry of Non-conventional Energy Sources (MNES) for routing its grant towards interest on term loans given for cogeneration projects under National Program on bagasse based co-generation. NCDC also provides term loan assistance for undertaking expansion of capacity beyond 10,000 TCD. The debt-equity ratio is normally up to 65:35. fhe equity part of 35'Y" of the project is to be met by the mill society by way of additional share capital from members or out of its surplus funds. CDC's assistance is proVided through the state government as well as directly to the mill societies subject to fulfillment of eligibility criteria for direct funding.
0 Comments:
Subscribe to:
Post Comments (Atom)