Business News
Home > Business News
2-year moratorium for weak sugar mills as per guidelines to restructure SDF loans
TIWN
TIWN

PHOTO : TIWN
New Delhi, Jan 6 (TIWN) With an aim to clear the outstanding amount of default of loans of Rs 3,068.31 crore under Sugar Development Fund (SDF) Act, 1982 and to revive financially weaker but economically viable sugar mills, the Centre has come up with a set of guidelines to restructure such loans.
As on November 30, 2021, of the outstanding amount of default on SDF loans, which is Rs 3,068.31 crore, as much as Rs 1,249.21 crore is the principal amount while Rs 1,071.30 crore is interest and Rs 747.80 crore is additional interest due to default.
Add your Comment
Comments (0)
More Business News
- X is Down
- Saks Global Files for Bankruptcy After Neiman Marcus Takeover
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows


