Section 23(14) in The Sugar Development Fund Rules, 1983
(14)(a)The repayment of the loan shall commence after the expiry of three years reckoned from the date of each disbursement of the loan and shall be repaid in half yearly instalments not exceeding ten in number.(b)The interest on the said loan shall be paid [half yearly] [Substituted vide GSR 599 dated 30.07.2012.] for the first three years from the date of each disbursement of the loan after which it shall be paid half yearly along with the instalment of the repayment of the principal.
