UP government releases Rs 200 crore for cane price payment of sugar co-operatives

Economy


PUNE: To clear the outstanding cane price arrears of the previous year of the state’s co-operative sugar mills, Uttar Pradesh government has allocated Rs 200 crore. According to the state’s sugar commisioner, the money will be transferred to the farmers‘ account in two days.

“Uttar Pradesh government has released released an amount of Rs.200 crore for the outstanding cane price payment of 20 cooperative sugar mills of the state of year 2018-19. With this amount, the Sugar mills of the cooperative sector will pay the outstanding cane price payment of the crushing season 2018-19 to cane farmers,” a release from the commissioner’s officer said.

Speaking about the payment, Sanjay R. Bhoosreddy , Commissioner, Cane and Sugar, said that out of 24 sugar mills of the cooperative sector, 04 co-operative sugar mills (Morna, Puwayan, Snehroad and Sathion) have already paid the cane price payment for the crushing season 2018-19, and for rest 20 cooperative sugar mills, an amount of Rs.200.00 crores has been released by the State Government for clearing outstanding cane price payment. “This released amount will be transferred to the farmers account within two days,” a release from the government said.

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