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Food & Public Distribution Ministry takes various measures for current sugar season
Date: 31 May 2020
Source: newsonair.com
Reporter: newsonair
News ID: 45267
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Food and Public Distribution Ministry has taken various measures for current sugar season 2019-20. Government is reimbursing carrying cost of one thousand 6 hundred 74 crore rupees towards maintenance of buffer stock of 40 Lakh tonnes of sugar.
 
Besides assistance at 10 thousand 4 hundred 48 rupees per Tonne is being provided to sugar mills to meet expenses on export of 60 Lakh tonnes of sugar. The likely expenditure for it will be around 6 thousand 2 hundred 68 crore rupees.
 


Soft loans of about 18 thousand 600 crore rupees are being extended through banks to 362 sugar mills and molasses-based standalone distilleries for enhancement and augmentation of ethanol production capacity. An interest subvention of about 4 thousand 45 crore rupees for five years is being borne by the Government for this.              

 
  

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