For the remaining period of the moratorium, which is for the year 2003-04 and the 2004-05, the association has suggested a levy of 4 per cent interest.
The interest rate for the remaining period could be brought down to 6 per cent per annum for the remaining period of rescheduling, it said.
KPA's plea comes in the wake of continued slump in the coffee sector despite the extension of several sops by the central government.
KPA added that the rephasement period under the SCTL Scheme could be extended to 18 years comprising 3 years moratorium period and 15 years of rephasement period.
While the Ministry of Commerce and the Coffee Board have released the interest subsidy of 5 per cent in the case of small growers and 3 per cent in the case of large growers for working capital loans, the KPA also requested for the extension of these schemes for the current year.
