Cabinet Approves Rs 3,500 Crore for Sugarcane Farmers

Cabinet Approves Rs 3,500

The Cabinet Committee on Economic Affairs has approved assistance of about Rs. 3,500 crore for sugarcane farmers to facilitate the evacuation of surplus sugar stock.

Government will incur about Rs. 3,500 crore to enable payment of dues of the sugarcane farmers. This assistance would be directly credited into farmers’ accounts on behalf of sugar mills against cane price dues and subsequent balance, if any, would be credited to mill’s account.

This subsidy aims at covering expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on export of up to 60 LMT of sugar limited to Maximum Admissible Export Quota (MAEQ) allocated to sugar mills for sugar season 2020-21.

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