Monday, August 8th, 2022 22:28:07

Govt approves 3,500 crore rupees for providing assistance to sugar mills 

Updated: February 3, 2021 12:12 pm
Minister of State for Consumer Affairs, Food and Public Distribution Raosaheb Danve has said that the government has approved 3,500 crore rupees for providing assistance to sugar mills for expenses on marketing costs including handling, upgrading and other processing costs.

In a written reply to a question in the Lok Sabha, the Minister  said, this will help facilitate export of sugar during the sugar season 2020-21 and improve the liquidity position of sugar mills enabling them to clear cane price dues of farmers. He said, in order to ensure that the assistance is directly credited into the accounts of farmers, the sugar mill shall open a separate no-lien account in a nationalized bank or cooperative bank and furnish to that bank the list of farmers along with bank accounts details. He said, the bank shall credit the amount of assistance to the farmers’ accounts on behalf of the mills against cane dues payable and subsequent balance, if any, shall be credited into mill’s account. He further said,  there are about five crore sugarcane farmers along with their families will be benefited by this decision.

Comments are closed here.

Archives

Categories