Haryana makes arrangement for clearing dues of cane growers

Haryana government today said it has made an arrangement for making pending payment of Rs 354 crore to cane growers who have not been paid by the three private sugar mills.
Under this arrangement, 50 per cent of the arrears will be paid by sugarmills while rest 50 per cent will be paid through by availing interest free loan from HARCO bank, Haryana Chief Minister Manohar Lal Khattar said.
"The state government will bear interest liability of the mills on this loan. And the state government will repay this loan to Haryana State Cooperative Bank (HARCO) Bank out of its first supplementary budget provisions," he said.

The Government will ensure that cane growers get their payment by June 30.
While referring to pending amount of three private sugar mills, the Chief Minister said Saraswati Sugar Mills Ltd in Yamuna Nagar, has pending payment of Rs 200 crore, followed by Rs 92 crore of Naraingarh Sugar Mills Ltd in Naraingarh and Rs 62 crore of Bhadson Sugar Mills Ltd in Karnal.
As per directions of the state government, the HARCO Bank has sanctioned a soft loan of Rs 100 crore to Saraswati Sugar Mills Ltd for making pending cane payments to cane growers of the Mills.
Soft loan of Rs 46 crore to Naraingarh Sugar Mills Ltd and Rs 31 crore to Bhadson Sugar Mills would be sanctioned by HARCO Bank in due course, he said.

Haryana Cane Commissioner will ensure that the Sugar Mills clear all the pending payments of cane growers by the stipulated period.