Maharashtra Chief Minister Devendra Fadnavis appealed to co-operative banks to make necessary changes in rules to facilitate faster loan disbursal to new entrepreneurs and other sections of society. Fadnavis was recently speaking at the AGM of Maharashtra State Co-operative Bank Association, DNA reports.
Later talking to reporters, chief minister said his government was committed to the welfare of sugarcane growers and had announced a financial package of Rs 2,000 crore for them. Also, purchase tax on cane procurement has been waived.
Next year, the government will focus on increasing ethanol production, a move which will help sugarcane farmers.
The Centre has taken a positive stand on the state government’s request of creating a buffer stock of ethanol (a biofuel made from sugarcane molasses), which will help the sugar industry, chief minister announced.