India takes another stab at offering loan subsidies so mills produce more ethanol

In India, the Hindu newspaper reports that the government is looking to offer sugar mills 6% subsidies on interest rates for loans that will be used for increasing ethanol production. Previous attempts to offer soft loans to mills for the same purpose have led to few than 10% of mills getting financing due to the poor financial straits many of them are in, but the government has not proposed measures to get around those financial constraints to make the latest subsidy plan successful.