The Maharashtra state government has approved Rs 1,590 crore in loans from the National Cooperative Development Corporation (NCDC) for 11 sugar factories.
These loans, backed by government recommendations and guarantees, are crucial for rural economies and farmer networks. The loans will mainly benefit cooperative sugar factories affiliated with ruling party politicians.
Notably, NCP MLA Makarand Patil’s two factories will receive Rs 467 crore, Vinay Kore’s Tatyasaheb Kore factory in Kolhapur will get Rs 327 crore, and NCP MLA Prakash Solanke’s Loknete Sunderraoji Solanke factory in Beed will receive Rs 97.7 crore.