UP government releases loan amount of Rs.450 crore for pending cane payment

Good news for the cane farmers of Cooperative Sugar Mills of Uttar Pradesh. In order to comply with the instructions given by the Hon’ble Chief Minister of Uttar Pradesh for immediate Cane price payment, a loan amount of Rs.450 crore has been released by the Government for payment of cane price arrears of farmers. This amount received in the form of loan will be directly credited into the accounts of the farmers. Hon’ble cane Minister Shri Laxmi Narayan Chaudhary informed that this loan has been sanctioned to Cooperative mills for the payment of outstanding sugarcane price for the crushing season 2022-23 against the amount provided under the budget of the current financial year 2023-24. He also said that the interest of cane farmers is the topmost priority of the present Government.

Additional Chief Secretary, Sugar Industry and Cane Development Shri Sanjay R. Bhoosreddy said that the Government is determined to make Speedy cane price payment to the farmers and keeping in mind the repayment capacity of the Cooperative Sugar Mills, a lone of Rs.450 crores has been provided to the Cooperative mills. This amount will be credited directly to the accounts of cane farmers by allotting them to the Cooperative mills. He also informed that from the level of Commissioner and Additional Chief Secretary, Sugar Industry and Cane Development Department, the cane price payment being made by sugar mills to farmers is being continuously reviewed. So far a record cane price payment of Rs.2,11,350 crore has been made to the farmers of the State by present Government.


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