Yogi sets Nov 30 deadline for sugar mills to settle dues of Rs 86 bn

UP CM says Rs 40 billion soft loan for private mills will only be available to those whose payment ratio exceeds 30% for the last crushing season

Uttar Pradesh chief minister Yogi Adityanath on Tuesday set November 30 as the deadline for private sugar millers to settle cane dues of more than Rs 86 billion for the 2017-18 crushing season.

Against total dues of over Rs 354 billion, the net outstanding of all UP sugar mills currently stands at about Rs 95 billion, of which private mills have been bogged down by payables of Rs 86.83 billion. The remaining portion of Rs 8.87 billion is owed by the 24 cooperative sector units in the state.

“We have set the deadline of November 30 for mills to settle arrears. The