Cabinet approves assistance
of about Rs. 3,500 crore for sugarcane farmers (Ganna Kisan)
This assistance would be directly credited into farmers’ accounts
Decision will benefit the five crore sugarcane farmers (Ganna Kisan) and their
dependents, as well as the five lakh workers employed in the sugar mills and
related ancillary activities
(Release ID: 1681049) Visitor Counter : 440
Posted On: 16 DEC 2020 3:34PM by PIB Delhi
The Cabinet Committee on Economic Affairs,
chaired by Prime Minister Shri Narendra Modi has approved assistance of about
Rs. 3,500 crore for sugarcane farmers (Ganna Kisan).
Currently, there are close to five crore
sugarcane farmers (Ganna Kisan) and their dependents in India. In addition to
this, there are about five lakh workers employed in the sugar mills and
ancillary activities; and their livelihood depends on the sugar industry.
Farmers sell their sugarcane to the sugar mills,
however the farmers are not getting their dues from the sugar mill owners as
they have surplus sugar stock. To address this concern, the Government is
facilitating the evacuation of surplus sugar stock. This will enable payment of
dues of the sugarcane farmers. Government will incur about Rs. 3,500 crore for
this purpose, and this assistance would be directly credited into farmers’
accounts on behalf of sugar mills against cane price dues and subsequent
balance, if any, would be credited to mill’s account.
This subsidy aims at covering expenses on
marketing costs including handling, upgrading and other processing costs and
costs of international and internal transport and freight charges on export of
upto 60 LMT of sugar limited to Maximum Admissible Export Quota (MAEQ)
allocated to sugar mills for sugar season 2020-21
This decision will benefit the five crore
sugarcane farmers and their dependents, as well as the five lakh workers
employed in the sugar mills and related ancillary activities.
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