The Fiji Sugar Cane Growers Fund (SCGF) has recorded the highest net profit on record. According to the reports, SCGF registered a net profit of $2.42m last year, an increase of $7,00,000 compared to 2017.
SCGF Chief Executive Raj Sharma said, “The increase in surplus is due to stronger governance and oversight by the Board and strong investment portfolio regime.”
SCGF aims to provide loans to sugarcane farmers to increase the production of sugarcane and various purposes. According to the reports, SCGF has approved 509 applications amounting to $1.6m in the last two months.