Scheme for Extending Financial Assistance to Sugar Undertakings (SEFASU-2014)

In 2014, the Central Government had notified Scheme for Extending Financial Assistance to Sugar Undertakings (SEFASU) envisaging loans to the sugar mills equivalent to the last 3 sugar seasons.

• It also carries interest subvention upto 12% or at actual rates charged by banks whichever is lower as per normal banking practice through participating schedule banks, regional rural banks, co-operative banks for the total duration of the loan i.e. 5 years including 2 years moratorium.
• The Department of Food and Public Distribution (DFPD) will release the interest subvention amount on quarterly basis in advance to the nodal bank as appointed by DFS.