India, April 23 -- 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 Rs.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 facto...