Punjab Government has released Rs. 35 crore to the cooperative sugar mills of the state towards the payment for sugarcane dues pertaining to year 2017-18 and the same have been credited into the accounts of the sugarcane farmers.
The cooperative sugar mills had dues amounting to Rs. 182.26 crore pending towards the government as of 31.12.2018 out of which now Rs. 151.82 crore remain due after the payment of Rs. 35 crore today.
Out of these Rs. 151.82 crore, a sum of Rs.65 crore has been released by the Punjab Rural Development Board which would be payed soon.
This was disclosed here today by the Cooperation Minister, Punjab, S. Sukhjinder Singh Randhawa.
The minister further said that during the crushing season 2018-19, the cooperative sugar mills have crushed 66.44 lakh quintals of sugarcane till 31.12.2018.
It’s on date recovery is 10.37 percent and to date recovery is 9.36 percent with production of 5,98,050 quintal sugar.
The minister also added that during the crushing season 2018-19, the cooperative sugar mills have paid up Rs. 120.59 crore at their own level out of Rs. 205.86 crore which was the due price for the sugarcane purchased till 31.12.2018.
Uptill now, the payment of sugarcane has been made upto 58 percent