May 21, 2024


The business lovers

Maharashtra mills pay 86{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} FRP to farmers

Sugar mills in Maharashtra have compensated 86 for every cent Reasonable and Remunerative Cost (FRP) to sugarcane farmers. Out of 187 mills that started crushing time seventy four sugar mills have compensated one hundred for every cent FRP.

According to the data launched by the Condition Sugar Commissioner business, mills had to shell out ₹16,275 crore to farmers by February end of which ₹13,917 crore have been compensated. FRP arrears are of ₹2,367 crore. There are 39 mills in the Condition which compensated fewer than sixty for every cent of the payable FRP.

The FRP is based on the value of production of sugarcane and an factor of confident earnings as to cover the threat of sugarcane farmers. According to the Indian Sugar Mill Affiliation (ISMA), the mark up previously mentioned the value of production of sugarcane, at an all-India regular basis is as higher as one hundred for every cent about the value of manufacturing sugarcane.

The Sugar Commissioner has not slapped Income Recovery Certification (RRC) notices to any sugar mills. The Sugarcane (Command) Get, 1966 has mandated payment of the cane price in 14 days of offer by farmers. If mills are unsuccessful to make payment in the stipulated time, they have to shell out 15 for every cent for every annum fascination on the dues is payable.