New Delhi: Sugar mills in India, which has seen a glut in production, owe sugarcane farmers whopping Rs 15,850 crore as on July 16, according to the government.
Minister of State for Food and Consumer Affairs, Danve Raosaheb Dadarao, informed in Rajya Sabha, “The maximum amount of cane arrears owed by sugar mills in Uttar Pradesh, which stands at Rs 9,792 crore, followed by Maharashtra at Rs 1,231 crore.”
The government had introduced various measures, including a soft loan scheme, hike in the minimum selling price of sugar and others to help sugar mills clear mounting cane arrears. But, millers failed to clear it, citing surplus sugar and depressed sugar prices.
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