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Scheme for Soft loan to Sugar Mills for clearing cane dues of sugar cane farmers announced by Government of India in 2019 - Extension of date of sanction and disbursement of Soft Loan

Please refer to para 2(8) of our Circular No.46-48, 53/DoR11-13/2019 dated 06 & 07 March 2019 and para 2 of our letter No.581 dated 15 May 2019 in terms of which all loans sanctioned and disbursed by 31 May 2019 under the captioned scheme would be eligible for interest subvention facility.
 
In this connection, we advise that Government of India vide notification dated 03 June 2019 has advised extension of deadline and all loans which are sanctioned by 30 June 2019 and disbursed by 31 July 2019 by the lending banks would now be eligible for interest subvention.  
 
We request you to please arrange to circulate the above modifications among your Controlling Offices and branches and ensure sanctions/disbursements of soft loan to Sugar Mills at the earliest.