Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area)
in Gujarat
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Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area) in Gujarat
Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area) is a government scheme available to eligible residents of Gujarat.
Apply for Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area) in Gujarat
Scheme Overview
This scheme has been introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat. It aims to provide interest subvention on long-term loans taken by sugar cooperative societies for payment of sugarcane arrears for the year 2018-19.
Eligibility Criteria
- Sugar Co-operative Societies which have availed loan for payment of sugarcane arrears for the year 2018-19 for the respective sugarcane prices will be eligible for this scheme.
Benefits
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**Name of the Component** **Standard of Assistance** **Minimum Time Limit (in Years) for Reclaiming Benefits**Interest Subvention against long terms loan to the Co-operative sugar societies Interest actually paid on the bank loan amount taken by the Sugar Cooperative or 7% or whichever is less for a maximum period of 4 (four) years or interest concession on loan repayment (whichever is earlier).1 year of interest subvention to be paid by the Government of India from the date of withdrawal of this loan on the amount of bank loan taken by the State Sugar Co-operative Societies for affiliated purposes under the announced scheme for soft loan interest subvention on loans obtained for the payment of sugarcane arrears for the year 2018-19 for the respective sugarcane prices. Interest subvention paid by the State Government on interest actually payable or 7 percent or whichever is less for a maximum period of 4 (four) years or till the loan repayment (whichever is earlier) <br>
Required Documents
| # | Document |
|---|---|
| 1 | Loan sanction letter from the bank. |
| 2 | Proof of loan utilization for sugarcane arrears payment. |
| 3 | FRP notification issued by the Government of India (02/03/2019). |
| 4 | Audit reports of the sugar cooperative society. |
| 5 | Loan repayment schedule and bank statements. |
| 6 | Any other documents as required. |
Common questions in Gujarat
Who can apply for Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area). Refer to the eligibility section above for the complete checklist.
What documents are required for Interest Subvention against long terms loan to the Co-operative sugar societies (Normal Area) (Tribal Area) in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The purpose of this scheme is to provide financial relief to sugar cooperative societies by subsidizing the interest on loans taken for clearing sugarcane arrears for the 2018-19 season.