| Pune |
October 10, 2020 10:12:56 pm
After a number of deliberations since March, the state authorities has lastly chosen 32 sugar mills which can be eligible for receiving authorities ensures to boost short-duration funds for the 2020-21 sugarcane crushing season. While the state authorities will distribute ensures value Rs 516.30 crore within the subsequent few days, most mill house owners complain that the measure is simply too little, too late.
The state authorities has been deliberating on pleas by cooperative sugar mills — to increase ensures to assist them elevate funds — since March this yr. The Maharashtra State Cooperative Sugar Factories Federation had requested for over Rs 1,000 crore by means of ensures. The short-term mortgage was for use by mills for restore and upkeep work earlier than crushing season begins.
After a number of committees mentioned the problem and handed over their experiences, the state authorities on Saturday issued a authorities decision granting ensures to 32 mills. The ensures will entail an extra ‘tagging’ of Rs 250 per quintal of sugar offered by the mills. The mills are anticipated to repay the loans they elevate on the idea of ensures earlier than the beginning of the 2021-22 crushing season, ie earlier than September 30, 2021.
However, the chairman of a sugar mill whose identify has featured within the listing stated this assure was supposed for use to fund pre-seasonal upkeep work.. “The crushing season is predicted to start out on October 15, so what could be using this assure now?” he requested.
“The GR has stringent situations and the extra tagging of sugar would go away valuable little for mills… With sugar costs anticipated to be weak, this might be imply further issue in paying the necessary honest and remunerative value to farmers,” he added.
Meanwhile, state Sugar Commissioner Shekhar Gaikwad has issued 75 crushing licences to mills which have cleared 100 per cent of their cane dues.
“Maharashtra’s fee historical past is passable, with mills clearing greater than 99 per cent of their dues. We have made it clear that with out 100 per cent clearance of dues, crushing licences wouldn’t be issued,” he stated.
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