MUMBAI: The National Cooperation Development Corporation (NCDC), which grants loans to cooperative sugar factories with a bank guarantee by the state government, has rejected funding proposals of ₹1,441 crore to seven sugar factories under the control of Mahayuti politicians.The leaders include the BJP’s Raosaheb Danve, Sangram Thopte and Basavraj Patil, former NCP MLA Ashok Pawar, and NCP leader and the late Ajit Pawar’s close aide Prithviraj Jachak. Some of these politicians, including Thopte and Patil, had reportedly quit the Congress and joined the BJP only after they were assured of funding to their factories.
The state government had moved a proposal to the NCDC for cheaper loans to upgrade and operate 14 sugar factories controlled by Mahayuti leaders and even the NCP (SP). While seven were turned down, the loan proposals of seven other factories, including those under the control of Mahayuti leaders such as Vinay Kore, NCP MLA Prakash Solanke and BJP leader Arun Lad, have been greenlighted.
