India approves $397.4 million interest rate subsidy to fuel ethanol investments

In India, the IANS news agency reports that the cabinet has approved yet another round of soft loans for sugar mills so they may invest in ethanol production capacity. The government will provide $397.4 million as an interest subsidy that will allow banks to loan out a further $1.8 billion in soft loans to facilitate the investments. Additional funding was also allotted so that molasses-based ethanol producers could increase production through implementing technologies to help achieve zero-liquid discharge.

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