Tribune News Service
Chandigarh, June 7
The Haryana Government has made arrangements to pay the pending dues totalling Rs 354 crore to cane growers for the sugarcane purchased by three private sugar mills in the state.
These three private sugar mills are: Saraswati Sugar Mills Ltd; Yamunanagar; Naraingarh Sugar Mills Ltd, Naraingarh; and Bhadson Sugar Mills Ltd, Bhadhson (Karnal). The government will ensure that cane growers get their payment by June 30.
Chief Minister Manohar Lal Khattar said here today that under this arrangement 50 per cent of the pending cane payments will be made by the sugar mills and the rest 50 per cent would be made by availing an interest-free loan from HARCO Bank. The State Government would bear the interest liability of the mills on this loan. The sate government will repay this loan to Haryana State Cooperative Bank (HARCO) Bank out of its first supplementary budget provisions, Khattar added.
The Chief Minister said Saraswati Sugar Mills Ltd’ Yamunanagar, had pending payment of Rs 200 crore, followed by Rs 92 crore of Naraingarh Sugar Mills Ltd, Naraingarh, and Rs 62 crore of the Bhadson Sugar Mills Ltd; Bhadhson(Karnal).
As per directions of the state government, HARCO Bank had sanctioned a soft loan of Rs 100 crore to Saraswati Sugar Mills Ltd; Yamunanagar; Rs 46 crore loan to Naraingarh Sugar Mills Ltd. and of Rs. 31 crore to Bhadson Sugar Mills to make the payments . The Cane Commissioner Haryana would ensure that the sugar mills clear all pending payments of cane growers by the stipulated period.
Private mills
Saraswati Sugar Mills Ltd (Yamunanagar)
Naraingarh Sugar Mills Ltd (Naraingarh)
Bhadson Sugar Mills Ltd (Bhadhson, Karnal)
The government will ensure that cane growers get their payment by June 30
State to bear interest liability of mills
"Under this arrangement, 50 per cent of the pending cane payments will be made by the sugar mills and the rest 50 per cent will be made by availing an interest-free loan from HARCO Bank. The state government will bear the interest liability of the mills on this loan" Manohar Lal Khattar, CM