The Sugar Development Fund Act, 1982
An Act to provide for the financing of activities for development of sugar industry and for matters connected therewith or incidental thereto.
Administered by. Ministry of Consumer Affairs, Food and Public Distribution, Department of Food and Public Distribution · Other Acts of 1982
Preamble
THE SUGAR DEVELOPMENT FUND ACT, 1982
ACT NO. 4 OF 1982
[19th March, 1982.] An Act to provide for the financing of activities for development of sugar industry and for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Thirty-third Year of the Republic of India as follows:--
What this Act covers
Summary of the Sugar Development Fund Act, 1982
The Sugar Development Fund Act, 1982 was enacted by the Parliament of India to establish the Sugar Development Fund (SDF) for promoting the development and modernization of the sugar industry. The Act provides financial assistance to sugar factories for rehabilitation, modernization, expansion, research, and other developmental activities. It came into force on 1 April 1982.
Objectives
The main objectives of the Act are to:
• Promote the development and modernization of the sugar industry.
• Improve the efficiency and productivity of sugar factories.
• Support rehabilitation and replacement of obsolete machinery.
• Encourage research and development in sugar production and by-products.
• Provide financial assistance for activities benefiting sugarcane growers and the sugar industry.
Key Provisions
1. Establishment of the Sugar Development Fund
The Act establishes the Sugar Development Fund (SDF) under the control of the Central Government. The Fund consists mainly of:
• Amounts credited by the Central Government.
• Proceeds of duties of excise or cesses, as provided by law.
• Interest received on loans granted from the Fund.
• Repayments of loans and other receipts.
2. Utilization of the Fund
The Fund may be used for:
• Granting loans to sugar factories for modernization, expansion, rehabilitation, and technological upgradation.
• Financing research projects related to sugarcane cultivation, sugar production, and value-added products.
• Supporting the development of improved sugar manufacturing techniques.
• Assisting schemes for the welfare and development of sugarcane growers.
• Funding activities that promote the long-term growth and competitiveness of the sugar industry.
3. Financial Assistance
The Central Government may provide:
• Loans for approved development projects.
• Grants for research, training, and specified developmental activities.
• Assistance subject to prescribed terms and conditions, including repayment schedules and interest where applicable.
4. Administration
The Central Government is responsible for:
• Administering the Fund.
• Sanctioning loans and grants.
• Monitoring the utilization of financial assistance.
• Ensuring that the Fund is used only for purposes specified under the Act.
5. Recovery of Loans
The Act provides for:
• Recovery of loans advanced from the Fund.
• Payment of interest on loans, where applicable.
• Measures for recovery in the event of default, in accordance with the provisions of the Act and applicable rules.
6. Rule-making Powers
The Central Government may make rules regarding:
• The administration and management of the Fund.
• Eligibility for loans and grants.
• Conditions for financial assistance.
• Procedures for application, approval, repayment, and monitoring.
• Any other matter necessary for implementing the Act.
Sections
Type to filter. 9 sections.
Amending Acts
1 Act amending this enactment, passed by Parliament of India. The text above is the consolidated text as published.
- The Sugar Development Fund (Amendment) Act, 20024 of 2002
Rules made under this Act
40 sets of Rules. India Code publishes Rules as a record and a document rather than as text, so these are indexed here and not reproduced. All Rules.
- Amendment in rule 2, 21, 22, 22A, 23, 25 & 26 of SDF rules dated 26th March, 20212021
- Amendment in rule 16 of sub rule (9) clause (iv) of SDF rules dated 16th Sept, 20202020
- Amendment in rule 6 in s.no.(8) and rule 25 in sub rule (3), Insertion of sub-rule IA in rule 22, 22A & 23 of SDF Rules dated 7th Aug, 20202020
- Insertion of Rule 26 A for restructuring of loans affected by natural calamities dated 17th September, 20182018
- Amendment of Rule 6 regarding deletion of Planning Commission from Standing Committee on SDF dated 13th January, 20162016
- Insertion of Rule 22 A for extending the SDF assistance for conversion of existing distillery into Zero Liquid Discharge distillery dated 9th November, 20152015
- Rule amended for disbursement of SDF loan diectly to the sugar factory instead disbursement through monitoring agency dated 8th April, 20132013
- A total of 21 changes made in SDF rules to revise the same including eligibility criteria for SDF loan schemes dated 30th July, 20122012
- Insertion of Rule 16 A regarding modernization of sugar factory and Rules 17 A regarding cane development scheme dated 7th July, 20092009
- Insertion of Form XI in Rule 26 dated 28th February, 20082008
- Insertion of Rule 27 regarding provision of interest subvention to the sugar factories towards interest on loans dated 10th April, 20082008
- Insertion of TPA in Rule 23 dated 19th May, 20082008
- Amendment in Rule 19 A regarding zone wise value of buffer stock.2007
- Clause (d) of sub rule 11 of rule 19A of SDF rules notifying the value of the stock (v) zone wise dated 29th Nov, 20072007
- Insertion of Rule 19 A regarding creation of buffer stock from 2006-07 sugar season onwards dated 8th November, 20072007
- Insertion of Rule 20 A regarding defraying expenditure on internal transport and freight charges to the sugar factory on export shipment of sugar dated 7th November, 20072007
- Insertion of Rule 25 regarding security, interest and additional interest of SDF loan dated 9th March, 20072007
- Insertion of Rule 26 regarding restructuring of loans of potentially viable sick sugar undertaking dated 5th December, 20072007
- Insertion of necessary requirement of financial appraisal report from FI/Schedule bank in Rule 16 dated 15th Sept, 20062006
- Amendment in Rule 20 (explanation for re-imbursement inserted) dated 2nd March, 20052005
- Insertion of Rule 24 regarding special provision relating to calculation of rate of interest in certain cases dated 4th July, 20052005
- Amendment in Rule 20 regarding settlement of export subsidy claims dated 9th November, 20042004
- Installed capacity of sugar factory was fixed to as 2500 TCD in Rule 22 dated 23rd January, 20042004
- Rate of Interest for SDF loan changed from 9 p.a. to 2 below the bank rate dated 21st October, 20042004
- Amendment of Rule 19 explanation for sub-rule 3 inserted dated 25th March, 20032003
- Amendment of Rule 20 regarding settlement of export subsidy claims dated 19th Nov, 20032003
- Insertion of Rule 14 A regarding advance payment of subsidy towards storage, insurance and interest charges dated 6th October, 20032003
- Insertion of Rule 22 for extending loan for production of anhydrous alcohol or ethanol from alcohol and Rule 23 for extending loan for bagasse based cogeneration power project dated 29th January, 20032003
- Insertion of security of SDF loan in Rule 16 dated 17th December, 20032003
- Date of enactment of SDF Amendment Act, 2002.2002
- Insertion of Rule 20 regarding defraying expenditure on internal transport and freight charges to the sugar factory on export shipment of sugar dated 21st June, 20022002
- Insertion of Rule 21 for extending loan to potentially viable sick sugar undertaking dated 19th August, 20022002
- Notification of the SDF act 1982 dated 28.05.20022002
- Frequency of SDF loan in Rule 16 & 17 was fixed as one occasion during the repayment of previous loan dated 12th Feb, 20012001
- Insertion of Rule 13 A regarding maintenance of funds received by way of subsidy towards charges to the sugar factory on export shipment of sugar dated 6th December, 20012001
- Loan for providing inputs for sugarcane development inserted at Rule 17 A dated 21st Nov, 19971997
- In modernization scheme promoters contribution was fixed at 10 minimum and quantum of SDF loan should not exceed 60 of eligible project cost dated 12th January, 19961996
- Insertion of Rule 18 A regarding Defrayment of other expanses for development of sugar industry dated 6th May, 19941994
- Clearance of SDF & LSPEF Dues linked to grant of SDF Loans dated 28th April, 19921992
- Rate of Interest decreased to 9 from 6 p.a. for SDF loan dated 24th April, 19911991
Related Acts
- The Prevention of Blackmarketing and Maintenance of Supplies of Essential Commodities Act, 198017 sections
- The Warehousing Corporations (Supplementary) Act, 19652 sections
- The Food Corporations Act, 196447 sections
- The Warehousing Corporations Act, 196245 sections
- The Warehousing (Development and Regulation) Act, 200755 sections
- The Essential Commodities Act, 195529 sections
- The Legal Metrology Act, 200957 sections
- The National Food Security Act, 201345 sections
Ordinances
India Code records no parent Act for an ordinance, so these are tied to this Act by their own titles and their dates rather than by anything the source states. An ordinance is made when Parliament is not sitting and lapses six weeks into the next session unless it is enacted.
- The Sugar Development Fund (Amendments) Ordinance, 2008amended this Act · 2008
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 9 sections of this Act has its own page. This page is not a substitute for legal advice.