Maha backs Rs 1,104 crore loans to sugar co-ops linked to Mahayuti leaders
The cash-strapped government has recommended that the National Cooperative Development Corporation extend loans worth 1,104.6 crore to nine cooperative sugar factories, mostly linked to ruling parties in the Mahayuti alliance. Loans require a state guarantee, adding to the state’s liabilities. These recommendations aim to meet the working capital gap of the factories, supporting key political figures.
The cash-strapped government has recommended that the National Cooperative Development Corporation extend loans worth 1,104.6 crore to nine cooperative sugar factories, mostly linked to ruling parties in the Mahayuti alliance. Loans require a state guarantee, adding to the state’s liabilities. These recommendations aim to meet the working capital gap of the factories, supporting key political figures.
