India to provide additional $1 billion for soft loans to another 168 ethanol plants

December 5, 2018 |

In India, Cogencis news agency reports that another $1 billion in soft loans for ethanol plants at sugar mills may be on the cards after a first tranche of $863 million attracted 114 projects that have already been approved. The new funding would allow an additional 168 ethanol projects to go forward. The subsidy translates to either a 6% interest rate or half of commercial loan rates, whichever is lower, for up to five years.

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