94% of sugarcane dues to the farmers for the sugar season 2015-16 paid

Image
Capital Market
Last Updated : Jul 28 2016 | 12:15 AM IST
As on 15.07.2016, 94% of cane dues payable on Fair and Remunerative Price basis for the sugar season 2015-16 has been cleared. Cane Price Arrears of Rs. 3269 crores on Fair and Remunerative Price basis and Rs. 6582 crores on State Advised Price basis are outstanding against the sugar mills.

Due to surplus sugar production during the last four consecutive sugar seasons over domestic consumption and depressed sugar prices, the liquidity of the sugar mills have been adversely affected leading to accumulation of cane price arrears of the farmers.

The Government of India has taken several initiatives to help the sugar industry to resolve liquidity problems and thereby facilitate clearance of cane price arrears of farmers:-

Provided incentive on Raw Sugar Export for evacuation of excess stocks of sugar in the country.

Extended Soft Loan of Rs.4305 crore to improve liquidity position of the sugar mill enabling them clearance of cane price arrears.

Facilitated sugar mills for supply of ethanol under Ethanol Blending Programme (EBP) to achieve enhanced ethanol blending target.

Providing Production Subsidy @ Rs.4.50 per quintal cane crushed to offset cane cost and timely clearance of cane dues of farmers.
S.No. Name of State Cane Price Arrears ( in rupees crores)

Sugar Season 2015-16

On FRP Basis

On SAP Basis

1.

Bihar

30

30

2.

Haryana

0

126

3.

Punjab

0

226

4.

Uttrakhand

73

211

5.

Uttar Pradesh

1657

3929

6.

Andhra Pradesh

81

81

7.

Telangana

30

30

8.

Gujarat

203

203

9.

Maharashtra

494

494

10.

Karnataka

185

185

11..

Tamil Nadu

479

1030

12.

Puducherry

10

10

13.

Chhattisgarh

1

1

14.

Odisha

19

19

15.

Madhya Pradesh

6

6

16.

Goa

1

1

All India

3269

6582

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 27 2016 | 10:44 AM IST

Next Story