What is the new loan restructuring policy announced for sugar industry?

To support the sugar companies (especially the sugar mills), the government issued guidelines for restructuring loans taken by sugar mills under the SDF. This includes a 2-year moratorium and repayment period of five years. The rate of interest will be the prevailing bank rate on rehabilitation package approval date. This is likely to help in substantial reduction of debt burden for mills, although some basic criteria has to be fulfilled.