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Cabinet to consider interest-free loan to sugar mills on Thursday

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Reuters NEW DELHI
Last Updated : Dec 19 2013 | 11:25 AM IST

NEW DELHI (Reuters) - The cabinet will consider interest-free loan to sugar mills on Thursday, Farm Minister Sharad Pawar said, to help mills pay government-set rates to cane growers at a time when sugar prices have fallen.

Pawar said earlier this month that the government was considering giving sugar mills as much as $1.17 billion in interest-free loans.

(Reporting by Ratnajyoti Dutta; editing by Malini Menon)

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First Published: Dec 19 2013 | 11:12 AM IST

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