Soft loan for Sugar Mills to Build Ethanol Capacities
According to PTI, Government is considering extension of an additional soft loan of 7,400 crore to sugar mills for creating ethanol capacity under a recently launched scheme. A proposal is being prepared to seek approval for additional soft loan under the scheme as well as amend the rules to allow even grain-based distilleries take the benefits.

Currently, molasses-based distilleries are allowed under the scheme. The entry of standard distilleries will help diversion of more cane during surplus seasons. Ethanol extracted from sugarcane will be used for blending in petrol and will provide cane farmers a remunerative price for their crop.

Ethanol doping in petrol will also help the country cut its oil imports.