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A co-operative sugar mill related to former chief minister and Congress MLA Ashok Chavan has been given Rs 147.79 crore loan from the Maharashtra State Central Co-operative Bank with a guarantee from the state government.
The state cabinet in September 2023 had cleared the proposal to extend loans from the state co-operative bank with government guarantee to co-operative sugar mills facing financial difficulties.
The state co-operative department Monday issued the government’s resolution whereby Bhaurao Chavan Co-operative Sugar mill at Nanded district is one of the recipients from the scheme.
Among other sugar mills include Beed district’s Jai Bhavani Co-operative Sugar mill which is linked to former MLC and Ajit Pawar loyalist Amarsinh Pandit, which has been given a Rs 150 crore loan.
Shri Chhatrapati Co-operative Sugar mill, also linked to Ajit Pawar loyalists, has been given a Rs 128 crore loan.
The two other mills included in the scheme are Sahkar Shiromani Vasantrao Kale co-operative sugar mill, which has been given a loan of Rs 146.32 crore; and Sant Kurmadas Co-operative Sugar mill, which has been given a Rs 59.49 crore loan.
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