UP announces Rs 500 crore package for sugar mills to settle cane arrears

Aid will be given to 24 state-run cooperative mills as loan, arrears will be settled via direct transfers into farmers' bank accounts

The Uttar Pradesh government today announced a financial package of Rs 500 crore for the cooperative sector sugar mills to settle cane arrears for the 2019-20 crushing season.

The financial aid would be given to 24 state run cooperative mills as loan, while the arrears would be settled by transferring the money directly into the bank accounts of the beneficiary farmers, according to UP additional chief secretary, sugar industry and sugarcane, Sanjay Bhoosreddy.

Recently, UP sugarcane minister Suresh Rana had urged chief minister Yogi Adityanath for a financial package for the cooperative mills in this regard.