India: Uttar Pradesh to set new record in sugarcane payments to farmers

Sugarcane

Vegetables

India

Published Mar 7, 2023

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(MENAFN- IANS) Lucknow. March 7 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath has said that the state is all set to create a new record in the country as sugarcane payments totalling more than Rs 2 lakh crore were now reaching farmers' bank accounts via DBT (direct benefit transfer) for the first time.

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The milestone has been achieved in the six years since the Yogi Adityanath government came to power for the first time in March 2017.According to sugar industry and cane development minister Chaudhary Laxmi Narayan, Rs 65 crore for the current crushing season was transferred to farmers on Monday after which the total dues paid over the last six years crossed the Rs 2 lakh crore-mark.The figure had already reached around Rs 1.97 lakh crore last month.'Barring some legally disputed amount, there are no old sugarcane dues pending against sugar mills though an amount of Rs 3,000 - 4,000 crore for the current season still remains to be paid. More than 70 per cent of the current dues too have been paid,' the minister.The chief minister said, 'UP is going to create a new record in the country as sugarcane payments totalling more than Rs 2 lakh crore are now reaching farmers' bank accounts for the first time. Many states in the country do not even have an annual budget of Rs 2 lakh ...

Source: Menafn