• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

Maharashtra to guarantee ₹1800-cr loan by cotton body

08 Feb '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Maharashtra state cabinet recently agreed to guarantee a ₹1,800-crore loan required by the Maharashtra State Cooperative Cotton Growers Marketing Federation (MSCCGMF). The guarantee will be for the loan the federation will take from Bank of India at an annual interest rate of 7.75 per cent for ensuring timely payments to farmers on purchase of cotton in the 2019-20 season.

Between 60,000 quintals and 80,000 quintals of cotton is being purchased daily on an average in the state, a leading producer of the commodity, an official statement said.

At this rate, the federation is expected to purchase 30 lakh to 35 lakh quintals of cotton from farmers in the current season and for this a sum of ₹1,800 is required, a news agency reported citing the statement.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search