The government can give a soft loan of about Rs 10,000 crore to sugar mills very soon. Proposal has been proposed by the government, in which a fixed portion of interest will be borne by the government. Its aim is to reduce the arrears of sugar cane farmers.
According to sources, it is possible to clear the rules of soft loan next month. Explain that former Agriculture Minister Sharad Pawar has also recommended soft loan. The government wants to keep the arrears of sugarcane at least before the Lok Sabha elections. Earlier in 2015, soft loan of Rs 6000 crore was given. Explain that soft loan is given for one year. The government will bear the fixed share of interest on soft loans. The Food Ministry will finalize the soft loan.