Mutual Fund

Maharashtra sugar factories pay 76% of reasonable and profitable cost to ryots

Indeed, even as the stick smashing season arrives at an end, sugar processes in Maharashtra have not paid the full Fair and Remunerative Price (FRP) to ranchers and sugar aristocrats crosswise over partisan divisions are promising to pay arrears before the finish of the survey season. Taking all things together, 193 sugar processes in the State have pulverized more than 90,523 lakh tons (lt) of sugarcane, delivering more than 101 lt of sugar. Out of ₹19,623 crore payable as FRP, factories have paid ₹14,881 crore, while ranchers are requesting prompt installment of unpaid debts of ₹4,742 crore. FRP is the base cost to be paid by sugar plants to the stick producers who give stick to the factories. The Sugarcane (Control) Order, 1966, stipulates installment of the cane cost inside 14 days of supply falling flat which enthusiasm at the rate of 15 percent for each annum on the sum due for the postponed period past 14 days is payable. Sugarcane cultivating is the wellspring of job for about 2.5 crore individuals living in provincial Maharashtra. While most of sugar processes in the sugar belt of western Maharashtra are constrained by the Nationalist Congress Party (NCP) and the Congress, satraps from the BJP and Shiv Sena in the area and in different pieces of the State have joined the sugar plant anteroom. Truth be told, sugar plants are the life saver of State legislative issues. In any case, dissimilar to Uttar Pradesh, where FRP overdue debts have turned into a stewing political issue, it’s anything but a race motivation in Maharashtra. State Sugar Commissioner Shekhar Gaikwad said that activity has been started against 49 sugar plants that have neglected to pay FRP. He included that around 90 percent of the FRP will be stored in ranchers’ records before sugar processes close the devastating season.

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