Summary:
It is meant to help sugar mills clear their dues to cane growers, which have run into thousands of crores. Sanjay Khatal, managing director of the Maharashtra State Cooperative Sugar Factories Federation, has sent a letter to the Department of Food and Civil Supplies. The Rs 2,500-crore soft loan scheme for sugar mills, aimed to help them clear their dues, has failed to find too many takers due to some basic hurdles in the process. While the national banks are in a better position to offer loans to sugar mills, they are reluctant to do so, given the crisis in the sector. While 110 mills in the state are eligible for the soft loan, any actual disbursal of money is yet to take place..