Sugar Development Fund (SDF)

 

Sugar Development Fund (SDF)

The Sugar Development Fund (SDF) was established in the year 1982 to provide monetary support to the sugar industry. Set up under the Sugar Development Fund Act, the SDF allows sugar mills to obtain loans at nominal rates of interest. IFCI, a public NBFC is a nodal agency for the disbursement of SDF loans to private or public sector factories. For the cooperative sector, loans are routed through the National Cooperative Development Corporation (NCDC).

Objective of SDF

The objective of the fund is to offer financial assistance to tackle problems like

1.      Low yield

2.      Outdated machinery

3.      Low consumption

4.      Short crushing season of sugarcane crop

5.      Cyclical nature of the sugar sector

6.      Loan Schemes Available in SDF

Factories may avail Sugar Development Fund loans for five purposes,

·        Modernisation and rehabilitation of the factory

·        Cane development in an area near factory: Extended for setting up any of the following facilities:

o   Heat treatment plant

o   Seed nursery

o   Drip irrigation system

·        Bagasse-based cogeneration power projects undertaken by a factory

·        Production of molasses-based ethanol or anhydrous alcohol

Conversion of an ethanol production plant as Zero Liquid Discharge (ZLD) plant

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