2 months, 2 weeks ago

Cashew processors demand proper implementation of OTS scheme

Despite State government coming up with multiple schemes, including a revival plan, crisis continues to plague the cashew sector. Meanwhile, processors, who were forced to close their units, allege that the one-time settlement scheme announced by the government wasn’t properly implemented. The scheme As per the OTS scheme that provides significant relief to private processors, interest on loans up to ₹10 crore will be completely waived. “My factory was closed seven years back and as per the OTS scheme I made my initial payment. Since most banks have not implemented the OTS scheme as per the GO, the scheme should be extended for one more year until December 31, 2025,” says Dileep.

The Hindu

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