Speed Post News Network
New Delhi : Various measures have been taken by the Department of Food & Public Distribution for current sugar season 2019-20. The Government is reimbursing carrying cost of Rs 1,674 crore towards maintenance of buffer stock of 40 LMT of sugar.
Besides aassistance @ Rs 10448/MT being provided to sugar mills to meet expenses on export of 60 LMT of sugar. The likely expenditure for this will be around Rs 6,268 crore. Also, Soft loans of about Rs. 18,600 crore are being extended through banks to 362 sugar mills and molasses-based standalone distilleries for enhancement and augmentation of ethanol production capacity, for which an interest subvention of about Rs 4,045 crore for five years is being borne by the Government, according to a PIB release.