• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Mah farmers to get benefits of loan waiver package soon: Kadam

By Staff
|

Pune, Jun 25 (UNI) The benefits of loan waiver package, announced by the Central government, would soon reach the farmers as the Maharashtra government had almost completed its formalities, said State Cooperation Minister Patangrao Kadam today.

Addressing a news conference here, Mr Kadam said ninety per cent work had been completed regarding waving of loan and final list would be completed very soon.

He said the government has served notices to 64 sugar factories for failing to provide Statutory Minimum Price (SMP) to sugarcane growers and blamed mill owners for not giving SMP price to the farmers as announced by the state government.

Commenting on the decision taken by the Central government to blend five per cent of ethanol with petrol, he said the sugar factories in the state had already increased the production of ethanol as per the Central government policy.

Mr Kadam said the state government had also taken a decision to produce electricity through sugar factories in the state. With this, the government has been expecting to produce 1,000 MW of electricity, which need an investment of around Rs 4,000 crore, he said.

Of the said amount, sixty per cent of the capital would be raised from private financial institutions, while 30 per cent of the capital would be provided from Sugar Development Fund. The state government has given an approval to purchase machinery for power generation to 15 co-operative sugar factories, he added.

UNI SP SSS AM RAI2222

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more