Sugar mills fail to clear outstanding dues within govt deadline

sugar-mills-fail-to-clear-outstanding-dues-within-govt-deadline

, JANUARY 8

The have paid a total of Rs 480 million within the government’s deadline of 21 days.

According to the Ministry of Industry, Commerce and Supplies (), out of the total dues worth Rs 651.1 million, the sugar mills have paid only Rs 480 million despite the 21-day deadline given by the government.

The sugarcane farmers had halted their protests after 16 days on December 28 after reaching an agreement with the ministry whereby the government had assured the farmers to recover their within 21 days.

As per the ministry, out of its dues worth Rs 350 million, Shree Ram Sugar Mill has so far paid Rs 318.16 million to farmers. The mill has made a commitment to clear the remaining amount in the next few days. According to the ministry, the mill has already deposited the amount at the bank and the remaining amount will be cleared after ascertaining the money that each farmer is owed.

ALSO READ  Minister demands logical reasons for not splitting CAAN

Similarly, Annapurna Sugar Mill has so far paid Rs 114.7 million out of Rs 170 million owed to the farmers.

Though it is yet to pay Rs 55.3 million, the mill has not said when the remaining dues will be paid. Meanwhile, Lumbini Sugar Mill has paid 50 per cent of the total due payment to the farmers. So far Lumbini Sugar Mill has deposited Rs 41.60 million in farmers’ accounts out of Rs 84.1 million in due payment.

Amid this, Indira Sugar Mill has not paid the dues to the sugarcane farmers even within the stipulated time of 21 days. As per the agreement, the ministry will now initiate action against the mills that have not come into cont

ALSO READ  Sahabhagita Fund

Read the full story on The Himalayan Times


Read Previous

NOC decides to halt fuel import from Raxaul depot

Read Next

FNCCI requests governor to extend deadline to repay loans

Got any Comments/ Questions?