Please refer to our Circular No. 263/DoR-67/2018 dated 12 October 2018, forwarding the operational guidelines for the ‘Scheme for extending Financial Assistance to Sugar Mills for Enhancement and Augmentation of Ethanol Production Capacity’.
As per para 6(i) of the said guidelines, interest subvention on loan amount will be limited to 5 years, including one year moratorium period. It is further clarified that the period of 5 years is to be reckoned from the date of disbursement of first installment of loan for a given proposal and the interest subvention shall be available for a period of 5 years only, reckoned from the day of disbursement of first installment of loan.
You are requested to bring the above clarification to the notice of all the branches/Controlling Offices/DCCBs under your jurisdiction.