Government gives nod to 422 ethanol projects, likely to attract investment of Rs 41,000 crore

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He said that the surge in ethanol-based projects is due to the government’s recent announcement to extend subsidised credit facilities to grain-based distilleries also. The government provides interest subvention of 6% or half the interest rate charged by the banks for five years, including a one-year moratorium.

from Agriculture-Economy-News-Economic Times https://ift.tt/3mfsqFP

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