<h1>Government Approves Financial Aid for Sugar Industry to Tackle Cane Price Arrears with Interest Subvention.</h1> The Cabinet Committee on Economic Affairs approved guidelines for financial assistance to the sugar industry to address cane price arrears. This includes an interest subvention up to 12% for additional working capital loans, equivalent to excise duty and other charges from the past three sugar seasons, funded by the Sugar Development Fund. Sugar undertakings with Non-Performing Asset loans are also eligible if state governments guarantee their new loans. The interest subvention covers a five-year loan term, including a two-year moratorium, but excludes periods of principal repayment default. These loans are designated solely for cane price payments by sugar mills.