UP government releases Rs 200 cr for payment of sugarcane arrears

UP mills, mostly private, have outstanding worth nearly Rs 2,000 crore

Uttar Pradesh government has released Rs 200 crore for the payment of sugarcane arrears by state controlled co-operative sector sugar mills for the previous 2018-19 crushing season.

While, four of the total 24 cooperative units had settled their outstanding, the remaining 20 accounted for the unpaid arrears, UP cane and sugar commissioner Sanjay Bhoosreddy said on Wednesday.

He said that the government had released Rs 200 crore for clearing the outstanding cane price payment and the amount would be transferred to the farmers’ bank accounts within the next two days.

Bhoosreddy underlined the government had accorded priority to ensuring the