INTEREST FREE LOANS EXTENDED TO SUGAR MILLS
It has been decided to give interest free loans to sugar mills that are facing a crisis after prices of the
sweetener fell following a record output, for helping them to pay dues to sugarcane farmers. The loans will be sanctioned for clearing cane price arrears of 2006-07 sugar season and cane price of 2007-08.Mills would have to repay the loans in 4 years including a moratorium of 2 years. The loans will be sanctioned for clearance of arrears or cane price to be calculated on the basis of Statutory Minimum Price (SMP) fixed by the Center.
sweetener fell following a record output, for helping them to pay dues to sugarcane farmers. The loans will be sanctioned for clearing cane price arrears of 2006-07 sugar season and cane price of 2007-08.Mills would have to repay the loans in 4 years including a moratorium of 2 years. The loans will be sanctioned for clearance of arrears or cane price to be calculated on the basis of Statutory Minimum Price (SMP) fixed by the Center.
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