The Maharashtra cabinet on Tuesday approved a loan of Rs 409 crore for the Rajgad Cooperative Sugar Factory, reported PTI.
The `margin money loan’ is provided by the National Cooperative Development Corporation (NCDC) after the state government provides a guarantee.
The Cabinet also approved the sale of land belonging to Yashwant Cooperative Sugar Factory in Theur (Pune) and gave the nod for the development of the Nagpur-Gondia Access Expressway, to be executed by the Maharashtra State Road Development Corporation. Project planning and land acquisition activities were also approved.
In the irrigation sector, the Cabinet approved the expansion and conversion of three Kolhapur-type dams, Nimgaon, Brahmanath Yelamb (Shirur Kasar), and Takalgaon (Gevrai)—located on the Sindafana river in Beed district.
