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Cabinet approves Special Banking Arrangement (SBA) for payment of outstanding subsidy to fertilizer companies during 2016-17

News and Press Release - Dated:- 1-11-2017 - The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has accorded the ex-post facto approval for implementation of Special Banking Arrangement (SBA) for ₹ 10,00 .....

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total loan of ₹ 9,969 crore for settlement of outstanding subsidy bills with SBI was raised by the Government. The loan amount along with interest liability on the part of Government amounting to ₹ 80.90 crore were paid to SBI. SBA for an .....

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