National News Detail
The policy for procurement of ethanol under the Ethanol Blending Programme modifiedThe policy for procurement of ethanol under the Ethanol Blending Programme modified
The Government has modified the policy for procurement of ethanol under the Ethanol Blending Programme (EBP) which provides for a new process that smoothens the entire ethanol supply chain and fixes the ex-depot price of ethanol in the range of Rs 48.50 to Rs 49.50 per litre. Further, the incentive scheme for marketing and promotion Services of raw Sugar production targeted for export has been extended for current sugar season 2014-15 at uniform rate of Rs. 4000 per MT for a quantity of 14 lakh MT. These measures are likely to help in evacuation of surplus sugar from the country and improve the financial condition of sugar mills. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan in a written reply in Lok Sabha today.
Shri Paswan said that apart from modified EBP programme and export incentive scheme referred to in reply to part a) & b) above, a Scheme for Extending Financial Assistance to Sugar Undertakings (SEFASU-2014) has also been notified on 3.1.2014 to facilitate clearance of cane price arrears of previous sugar seasons and timely settlement of cane price of sugar season 2013-14 to sugarcane farmers. The scheme envisages additional working capital loans to sugar mills by banks with interest subvention.