Section 16(1)(b) in The Sugar Development Fund Rules, 1983
(b)the rehabilitation or modernization project has been duly appraised by a financial institution or a scheduled bank [omitted] [The words or sponsored by the Technology Information, Forecasting and Assessment Council in respect of the Scheme Mission Mode Project on Sugar Production Technologies of the Department of Science and Technology shall normally be eligible for a loan under this rule omitted vide GSR 599 dated 30.07.2012.]