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Saturday, September 5, 2009
National Cooperative Development Corporation (NCDC) has been promoting establishment and development of sugar factories in the cooperative sector so as to help them in achieving the primary objective of ensuring remunerative prices to the farmers for sugarcane by proViding the investment loan assistance to the state governments to supplement their resources for equity participation in new cooperative sugar mills. [t also provides term loan assistance to the existing cooperative sugar mills for modernization and expansion, including setting up of effluent treatment plants for pollution control and term loan assistance for establishment of sugar byproduct units.
K.P. Vaish, chief director, Sugar,
NCDC, said that during 2008-09, CDC provided financial assistance to 23 sugar cooperatives to the tune of Rs 419 cr. Uttar Pradesh got Rs 206 cr, followed by Maharashtra with Rs 150 cr, Gujarat Rs 49 cr, Tamil adu Rs 9 cr and Andhra Pradesh Rs 5.66 cr. In Maharashtra 16 sugar cooperative factories received the assistance, while in Gujarat 3, Andhra Pradesh 2 and Tamil Nadu as well as UP each with I cooperative got the assistance. The composite amount proVided by NCDC to sugar cooperatives in last 3 years stood at Rs 1,526 cr.
Vaish added that during 2008-09, the Sugar Development Fund (SDF) has sanctioned Rs 51 cr and released Rs 45 cr as assistance for the modernization-cum-expansion projects implemented with NCDC's help. During the year 2005-06, the corporation has sanctioned and released assistance of Rs 903 cr and Rs 800 cr respectively, for the development of cooperative sugar industry. Cumulatively, it has prOVided assistance of Rs 2,767 cr up to 31 March 2006. During 2005-06, SDF had sanctioned and released assistance of Rs 12.76 cr and Rs 11.01 cr, respectively, for the modernization cum expansion projects. SDF has up to 31 March 2006, proVided assistance of Rs 349.2 cr through NCDC. Vaish further said that the total amount of the term loan assistance for modernization-cum-expansion of cooperative sugar mills in 2008 09 isRs 33.98 cr. Also, NCDC proVided Rs 38.59 cr by way of the term loan assistance for establishment of sugar bye-product units in 2008-09. Activity-wise sanction and release for sugar sector for 2008-09 was Rs 10.46 cr and Rs 4.59 cr respectively. In order to improve the overall performance of the existing cooperative sugar factories, NCDC has been providing assistance for implementing modernization-cum-expansion of sugar factories up to a capacity of 10,000 TCD. The debt-equity ratio is normally 1: 1.
K.P. Vaish, chief director, Sugar,
NCDC, said that during 2008-09, CDC provided financial assistance to 23 sugar cooperatives to the tune of Rs 419 cr. Uttar Pradesh got Rs 206 cr, followed by Maharashtra with Rs 150 cr, Gujarat Rs 49 cr, Tamil adu Rs 9 cr and Andhra Pradesh Rs 5.66 cr. In Maharashtra 16 sugar cooperative factories received the assistance, while in Gujarat 3, Andhra Pradesh 2 and Tamil Nadu as well as UP each with I cooperative got the assistance. The composite amount proVided by NCDC to sugar cooperatives in last 3 years stood at Rs 1,526 cr.
Vaish added that during 2008-09, the Sugar Development Fund (SDF) has sanctioned Rs 51 cr and released Rs 45 cr as assistance for the modernization-cum-expansion projects implemented with NCDC's help. During the year 2005-06, the corporation has sanctioned and released assistance of Rs 903 cr and Rs 800 cr respectively, for the development of cooperative sugar industry. Cumulatively, it has prOVided assistance of Rs 2,767 cr up to 31 March 2006. During 2005-06, SDF had sanctioned and released assistance of Rs 12.76 cr and Rs 11.01 cr, respectively, for the modernization cum expansion projects. SDF has up to 31 March 2006, proVided assistance of Rs 349.2 cr through NCDC. Vaish further said that the total amount of the term loan assistance for modernization-cum-expansion of cooperative sugar mills in 2008 09 isRs 33.98 cr. Also, NCDC proVided Rs 38.59 cr by way of the term loan assistance for establishment of sugar bye-product units in 2008-09. Activity-wise sanction and release for sugar sector for 2008-09 was Rs 10.46 cr and Rs 4.59 cr respectively. In order to improve the overall performance of the existing cooperative sugar factories, NCDC has been providing assistance for implementing modernization-cum-expansion of sugar factories up to a capacity of 10,000 TCD. The debt-equity ratio is normally 1: 1.
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