Figures as of May 23 show that sugarcane farmers are left with Rs 3,638 crore on sugar mills in UP. A total of Rs 25,386 crore was to be paid to sugarcane farmers. If it comes to interest on the outstanding amount, it works out to about Rs 230 crore.
Vipin Kumar Dwivedi, Commissioner, Department of Sugarcane Development and Sugar, said, “Up farmers will now get interest on arrears. So far, sugar mills have paid an interest of Rs 1.75 crore. As bills are being sent, the amount will go up further. I think all dues will be repaid in a month,” bajaj group owes the highest in the state. Although the sources are expressing doubts over the payment of interest, the industry is also not happy with the government’s decision. He believes that this will not solve the problem, but will further increase pressure on companies.
if(geolocation && geolocation != 5) { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '338698809636220'); fbq('track', 'PageView'); }
London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…
London, UK, 27th June 2025, ZEX PR WIRE, Calyptus, the hiring platform known for verifying…
British Virgin Islands, BVI, 26th June 2025, ZEX PR WIRE, In an era where every second…
Paranaque City, Philippines, 26th June 2025, ZEX PR WIRE, Bety, the innovative crypto casino and…
Innovative Project Merges Meme Culture with Institutional Security, Sustainable Tokenomics, and Community Governance Goiânia –…
Lier, Belgium, 23rd June 2025, ZEX PR WIRE, Sandford Blair Capital, a quantitative investment management…