Mumbai: The state government issued an order sanctioning loans worth Rs 1,590 crore from the National Cooperative Development Corporation (NCDC) to 11 sugar factories.
These NCDC loans are distributed through the state and depend on government recommendations and guarantees. Cooperative sugar factories play a crucial role in the rural economy and farmer networks, giving them significant political importance. The 11 NCDC loans to be disbursed will primarily benefit cooperative sugar factories controlled by politicians from the ruling party. This includes two sugar factories overseen by NCP MLA Makarand Patil, which will collectively receive loans worth Rs 467 crore, the Tatyasaheb Kore sugar factory in Kolhapur, controlled by Vinay Kore from the Jan Surajya Party, which will receive a Rs 327 crore loan, and the Loknete Sunderraoji Solanke sugar factory in Beed, controlled by NCP MLA Prakash Solanke, which will receive a Rs 97.7 crore loan.
