15 Cooperative Sugar Mills to Receive Loans from NCDC

06-Oct-2025 06:01 PM

Nashik. The Union Home and Cooperation Minister announced that 15 cooperative sugar mills will receive loans or grants from the National Cooperative Development Corporation (NCDC) to establish CBG and potash plants.

According to the Minister, 15 such cooperative sugar mills will be selected across the country to establish compressed biogas (CBG) and potash production plants, and the Corporation will provide financial assistance.

Inaugurating a CBG unit, spray dyer, and potash granule manufacturing facility (plant) at a cooperative sugar mill located in Kopar village tehsil of Ahilyanagar district, Maharashtra, the Minister stated that this project marks the beginning of a new chapter in India's cooperative sector.

Gradually, similar plants will be constructed in other parts of the country. This will generate additional income for sugar mills and enable timely payment of dues to sugarcane producers. Establishing potash plants on the premises of cooperative sugar mills will prove highly beneficial.

The number of cooperative sugar mills in Maharashtra is higher than in other states in the country and there has been significant sugar production.

However, due to poor management for the past several years, most of the mills have been running in losses. The government is now attempting to improve their financial situation through new alternative measures. This may take some time.

The central government has repeatedly advised the management of cooperative sugar mills to keep pace with the times and adopt modern technology to achieve a profitable position similar to private sugar mills.