Maharashtra govt announces ₹316 cr for 'ailing' cotton mills
Maharashtra cabinet has announced a loan waiver scheme amounting to ₹316 crore for around 130 "ailing" cotton cooperatives in the state. Under the scheme, the state government will bear the interest burden on loans availed by cotton cooperatives from lending institutions. The waiver will be applicable for five years and would be eligible for loans up to ₹3,000 per spindle.