Maharashtra mills pay 86{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} FRP to farmers
Sugar mills in Maharashtra have compensated 86 per cent Fair and Remunerative Price tag (FRP) to sugarcane farmers. Out of 187 mills that started crushing time seventy four sugar mills have compensated 100 per cent FRP.
In accordance to the facts unveiled by the State Sugar Commissioner office environment, mills had to spend ₹16,275 crore to farmers by February finish of which ₹13,917 crore have been compensated. FRP arrears are of ₹2,367 crore. There are 39 mills in the State which compensated less than 60 per cent of the payable FRP.
The FRP is based mostly on the expense of output of sugarcane and an aspect of confident gain as to go over the possibility of sugarcane farmers. In accordance to the Indian Sugar Mill Affiliation (ISMA), the mark up previously mentioned the expense of output of sugarcane, at an all-India typical basis is as higher as 100 per cent over the expense of developing sugarcane.
The Sugar Commissioner has not slapped Earnings Restoration Certificate (RRC) notices to any sugar mills. The Sugarcane (Regulate) Order, 1966 has mandated payment of the cane value within just fourteen times of supply by farmers. If mills fail to make payment in the stipulated time, they have to spend fifteen per cent per annum interest on the dues is payable.
