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Cabinet to take up second sugar relief package

Monday, October 22, 2018, 8:31 PM

A second bailout package for sugar industry could be in the offing as the food ministry plans to float a Cabinet-note seeking loan incentives for ethanol producers. This will be in addition to sugar package announced in June. The mills may get up to 6% interest subvention on the loans they take to set-up ethanol production units or increase capacity of the existing ones.