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Cabinet to consider Rs 4,500 crore package for sugar industry on Wednesday

Updated : September 18, 2018 08:44 PM IST

The proposal to raise production assistance to Rs 13.88 per quintal to farmers and transport subsidy to mills for exports of five million tonnes of surplus sweetener is part of government plan to clear more than Rs 13,500 crore arrears sugar mills have towards farmers.
In June, the government had announced Rs 8,500 crore package for the cash-starved industry, which is facing a glut-like situation because of record 32 million tonnes of sugar production in the current 2017-18 marketing year ending this month.
Cabinet to consider Rs 4,500 crore package for sugar industry on Wednesday

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