Ministry of Cooperation
Funds For Cooperative Sugar Mills By NCDC
Posted On:
11 MAR 2025 5:50PM by PIB Delhi
To increase the flow of funds to Cooperative Sugar Mills, Ministry of Cooperation is implementing a scheme namely ‘Grant in Aid to NCDC for Strengthening of Cooperative Sugar Mills (CSMs)’. Under the scheme, grant of ₹ 1,000 crore has been provided to NCDC during FY 2022-23 and 2024-25. NCDC will leverage this grant to borrow funds from the market to provide financial assistance to CSMs upto ₹ 10,000 crore for meeting their requirement for setting up ethanol plant, cogeneration plant and working capital. Under the scheme, NCDC has so far sanctioned 87 loans of ₹ 9,893.12 crore to 48 CSMs.
The details of financial assistance disbursed to sugar cooperatives by the NCDC in the last three years are as under:
SI.No
|
Financial Year
|
Amount (₹ in crore)
|
1
|
2021-22
|
1241.61
|
2
|
2022-23
|
693.79
|
3
|
2023-24
|
2176.31
|
4
|
2024-25 (upto 06.03.2025)
|
5333.13
|
This was stated by the Minister of Cooperation, Shri Amit Shah, in a written reply to a question in the Lok Sabha.
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