Post budget
…Restructuring support to sugar sector:
In the last few years, there appears to be a structural change in the way Union Budgets support the sugar industry. Earlier, the support was mainly provided via general financial assistance, giving out loans for co-generation projects or for producing ethanol from alcohol. Now, the focus is singularly on the scheme for extending financial assistance to sugar mills for augmentation of ethanol production capacity.
About Rs 450 crore is budgeted under this scheme in FY25. This aligns well with the ongoing aggressive E20 mandates of the country where India aims to achieve 20 per cent blending of ethanol in fuel by ESY 2025-26 (ethanol supply year from 1 November to 31 October). The blending rate last year was 12 per cent and about 75 per cent of the ethanol for blending came from sugarcane-based derivatives…
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