The government has extended the deadline for loan

Solution

The government has extended the deadline for loan disbursement or project completion of ethanol production facilities by six months to September 30,2023.   The previous timeline for loan disbursement under the schemes on ethanol projects was March 31, 2023.  Under the Ethanol Blended with Petrol (EBP) programme, the Centre is extending financial assistance by way of interest subvention at 6 per cent a annum or 50 per cent of the rate of interest charged by banks, whichever is lower, on the loans to be extended by banks for five years, including a one-year moratorium.