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Assistance to 50 million sugarcane farmers

Posted on: December 18, 2020 | Back | Print

The Cabinet has approved assistance of about INR 3,500 crore (approximately USD 470 million) for 50 million sugarcane farmers (and their dependents, as well as the five lakh workers employed in the sugar mills and related ancillary activities). The Government is facilitating the evacuation of surplus sugar stock from the sugar mill owners. This will enable payment of dues of the sugarcane farmers. The 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 upto 60 LMT of sugar limited to Maximum Admissible Export Quota (MAEQ) allocated to sugar mills for sugar season 2020-21.

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