Archive · 12 Aug 2026
Maharashtra Cabinet clears 18-crore loan for BJP-linked sugar factory
The government of Maharashtra is like a big group of grown-ups in charge of a large state in India.
Recently, these grown-ups held a meeting and decided to help a sugar factory get a loan.
A loan is money you borrow, and later you have to pay it back.
The factory is called the Shri Nilkantheshwar Sugar Factory, and it is in a place called Killari.
The loan is for about 18 crore rupees, which is a very large amount of money.
The money will be used to buy things the factory needs and to pay for its everyday work.
The money will come from a group called the National Cooperative Development Corporation.
A man named Abhimanyu Pawar, who is a member of the state assembly for the BJP party, is connected to this factory.
The leaders decided the loan should be treated as a special case.
Now that they have said yes, the paperwork goes on to the next step for final approval.
The Maharashtra Cabinet approved an Rs 18 crore loan for the Shri Nilkantheshwar Sugar Factory in Killari, linked to BJP MLA Abhimanyu Pawar.
The loan will come from the National Cooperative Development Corporation (NCDC) and is meant for capital expenditure and working capital.
Following Cabinet approval, the proposal will be forwarded to the NCDC.
The factory had approached the Commissioner of Sugar in Pune seeking the loan.
The Cabinet approved the proposal with a rider that it be treated as a special case, continuing a run of state approvals for cooperatives linked to Mahayuti leaders.
- Who
- The Maharashtra Cabinet, BJP MLA Abhimanyu Pawar, and the Shri Nilkantheshwar Sugar Factory in Killari.
- What
- Approved an Rs 18 crore NCDC loan for the sugar factory's capital expenditure and working capital.
- When
- Tuesday, at a meeting of the Maharashtra Cabinet.
- Where
- Maharashtra, India; the factory had approached the Commissioner of Sugar in Pune for the loan.
- Why
- To provide financial assistance for the factory's capital expenditure and working capital, continuing state approvals for cooperatives linked to Mahayuti leaders.
- Loan amount
- Rs 18 crore
- Borrower
- Shri Nilkantheshwar Sugar Factory, Killari
- Lender
- National Cooperative Development Corporation (NCDC)
- Linked politician
- BJP MLA Abhimanyu Pawar
- Approving body
- Maharashtra Cabinet (Mahayuti government)
- Loan purpose
- Capital expenditure and working capital
- Next step
- Proposal to be forwarded to NCDC
- Condition
- To be treated as a special case