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94% of sugarcane dues to the farmers for the sugar season 2015-16 paid

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Capital Market
Last Updated : Jul 28 2016 | 12:15 AM IST
As on 15.07.2016, 94% of cane dues payable on Fair and Remunerative Price basis for the sugar season 2015-16 has been cleared. Cane Price Arrears of Rs. 3269 crores on Fair and Remunerative Price basis and Rs. 6582 crores on State Advised Price basis are outstanding against the sugar mills.

Due to surplus sugar production during the last four consecutive sugar seasons over domestic consumption and depressed sugar prices, the liquidity of the sugar mills have been adversely affected leading to accumulation of cane price arrears of the farmers.

The Government of India has taken several initiatives to help the sugar industry to resolve liquidity problems and thereby facilitate clearance of cane price arrears of farmers:-

Provided incentive on Raw Sugar Export for evacuation of excess stocks of sugar in the country.

Extended Soft Loan of Rs.4305 crore to improve liquidity position of the sugar mill enabling them clearance of cane price arrears.

Facilitated sugar mills for supply of ethanol under Ethanol Blending Programme (EBP) to achieve enhanced ethanol blending target.

Providing Production Subsidy @ Rs.4.50 per quintal cane crushed to offset cane cost and timely clearance of cane dues of farmers.
S.No. Name of State Cane Price Arrears ( in rupees crores)

Sugar Season 2015-16

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On FRP Basis

On SAP Basis

1.

Bihar

30

30

2.

Haryana

0

126

3.

Punjab

0

226

4.

Uttrakhand

73

211

5.

Uttar Pradesh

1657

3929

6.

Andhra Pradesh

81

81

7.

Telangana

30

30

8.

Gujarat

203

203

9.

Maharashtra

494

494

10.

Karnataka

185

185

11..

Tamil Nadu

479

1030

12.

Puducherry

10

10

13.

Chhattisgarh

1

1

14.

Odisha

19

19

15.

Madhya Pradesh

6

6

16.

Goa

1

1

All India

3269

6582

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First Published: Jul 27 2016 | 10:44 AM IST

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