Centre to repay loan interest taken by sugar mill owners

Written by:
Subscribe to Oneindia News

Lucknow, Dec 12 (UNI) The Centre would repay the 12 per cent interest on loans taken by sugar mill owners to clear dues to sugarcane growers.

Informing about the decision of the Union government taken yesterday, UP Congress president Rita Bahuguna Joshi said here today that now sugar mill owners can take loans from banks to clear the dues to farmers. ''The 12 per cent interest on the loans would be paid by the Centre,'' she added.

The Mayawati government in the state had failed to make the sugar mills clear the dues amounting to Rs 1400 crore, the decision of the UPA government at the Centre would help pull back the farmers from the brink of hunger, she said.

''Now the Centre has taken the initiative...it is time for the state government to implement the decision at the ground level,'' she added.

The state Congress had raised the issue before AICC General Secretary Rahul Gandhi here on November 12. On the directions of Rahul, a delegation of UPCC office-bearers had met Union Agriculture Minister Sharad Pawar demanding immediate payment of dues to cane farmers.


Please Wait while comments are loading...