(a) whether the Government is providing soft loans to steel industry;
(b) if so, the loans provided to the Steel manufacturers during each of the last
three years and the current year, Company-wise; and
(c) if not, the reasons therefor and the steps being taken by the Government in
this regard?
THE MINISTER OF STATE IN THE MINISTRY OF STEEL(SHRI A. SAI PRATHAP)
(a)to(c): Details of loans provided to the Steel manufacturers during each of the
last three years and the current year are given below :
(Rs. in crore) Year Name of Loan sanctioned/released Purpose PSU Non-Plan loan Plan Loan
2006-07 1. Bharat 30.46 - For meeting expenditure on Refractories account of payment of Limited (BRL) outstanding salaries and wages of its employees.
2. Hindustan 21.44 7.00 Rs. 21.44 crore for meeting Steelworks expenditure on account of Construction payment of outstanding Company Limited salaries and wages of (HSCL) its employees.
Rs. 7.00 crore for meeting expenditure on purchase of new equipments and capital repair/updating of existing equipments.
2007-08 Nil
2008-09 Nil
2009-10 During current Financial Year no loan has been released so far.