The Indian Government has poured USD 1,92 billion or EURO 1,78 billion into the coffers of sugar mills over the last five years. Responding to queries in the Rajya Sabha, the Union Minister of State for Commerce and Industry outlined various schemes to bolster sugar mill liquidity, thus ensuring timely payments to farmers.

Schemes Improving the Deal

The Government's commitment to the sugar industry is evident through diverse schemes rolled out in the past five years. Initiatives included establishing and maintaining a buffer stock of 3.0 million tonnes of sugar from July 1, 2018, to June 30, 2019. Additional schemes focused on alleviating costs related to internal transport, freight, handling, and other charges for the sugar season 2018-19.

Other Schemes Assisting The Advancements

Further assistance schemes aspired to cover marketing expenses, handling, upgrading, processing costs, internal transport, and freight charges for sugar seasons 2020-21, 2019-20, and 2018-19. A helping hand was extended to sugar mills during the 2019-20 season, facilitating sugar export. An impressive amount has been disbursed to sugar mills nationwide under these schemes over the last five financial years, including the ongoing fiscal year until January 31.

Conclusion

The Indian Government's strategic investment of USD 1.92 billion or EURO 1.78 billion into sugar mills over five years stresses its unwavering support for the sugar industry. The Government ensures timely payments to farmers through diverse schemes to enhance liquidity. The schemes have played a pivotal role in sustaining the sugar sector's vitality, from buffer stock initiatives to covering marketing expenses. This substantial infusion is a testament to the Government's obligation to agricultural wealth and rural welfare.

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