To boost ethanol production in the country, the government is considering extending subsidised loans to grain-based distilleries also under the ongoing scheme, according to government sources. The sources also mentioned that the grains-based distilleries association says that they have at present 75 crore litres capacity for ethanol making. When the scheme was launched in 2018, the sources said the government …
Sugar mills, oil marketing companies and banks are willing to enter into an agreement to create an escrow account for payment of ethanol procurement, a move that will enable sugar factories to avail soft loans for setting up distilleries, the food ministry said on Saturday. Banks could now consider giving loans to even those sugar mills that have weak balance …
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