Status of Sugar Advances

Status of Sugar Advances as on 30.9.2007

The Karnataka State Cooperative Apex Bank is advancing medium term loans as against the mortgage of Land & Building and Plant & Machineries and working capital loans against pledge of sugar stock to cooperatives, Government and private sugar factories out of its own resources, mainly mobilized in the form of deposits from public. The loans are advanced under consortium arrangements consisting of DCC Banks, Urban Banks and Commercial Banks. The rate of interest currently charged by Apex Bank for term loan is 13.50% and working capital loan is 13.00%.

As on 30.9.2007, the Apex Bank had sanctioned loans to 19 cooperative sugar factories, One (1) Government sugar factory and Eight (08) Private sugar factories.

Please Click Here to download a PDF document of the Sector-wise details of limit sanctioned & loan o/s.

Please Click Here to download a PDF document of the district-wise details of sugar factories financed by Apex Bank