Sugar Development Fund

Govt approves over Rs 1,100 crore subsidy for cane farmers

The government on Wednesday decided to pay a production-linked subsidy of Rs 4.50 per quintal directly to cane farmers in the 2015-16 season to help cash-starved sugar mills clear arrears -- a move that would cost the exchequer about Rs 1,147 crore.

Nov 18, 2015, 16:46 PM IST