This scheme has been introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat. It aims to provide interest subvention on long-term loans taken by sugar cooperative societies for payment of sugarcane arrears for the year 2018-19.
| Name of the Component | Standard of Assistance | Minimum Time Limit (in Years) for Reclaiming Benefits |
| Interest Subvention against long terms loan to the Co-operative sugar societies | Interest actually paid on the bank loan amount taken by the Sugar Cooperative or 7% or whichever is less for a maximum period of 4 (four) years or interest concession on loan repayment (whichever is earlier). | 1 year of interest subvention to be paid by the Government of India from the date of withdrawal of this loan on the amount of bank loan taken by the State Sugar Co-operative Societies for affiliated purposes under the announced scheme for soft loan interest subvention on loans obtained for the payment of sugarcane arrears for the year 2018-19 for the respective sugarcane prices. Interest subvention paid by the State Government on interest actually payable or 7 percent or whichever is less for a maximum period of 4 (four) years or till the loan repayment (whichever is earlier) |
Sugar Co-operative Societies which have availed loan for payment of sugarcane arrears for the year 2018-19 for the respective sugarcane prices will be eligible for this scheme.
✦ Required ◦ Optional
