With a view to enable the cane growers to get their long standing payment of cane purchased by three private sugar mills in the State, Haryana Government has made an arrangement for making pending payment of a total of `354 crore of cane.
These three private sugar mills are namely Saraswati Sugar Mills ltd at Yamuna Nagar, Naraingarh Sugar Mills ltd at Naraingarh and Bhadson Sugar Mills ltd at Bhadson in district Karnal.
The Government will ensure that cane growers get their payment by June 30, said Chief Minister, Manohar lal on Sunday. He said that under this arrangement, 50 per cent of the pending cane payments will be made by Sugar Mills and rest 50 per cent would be made by availing interest free loan from HARCO Bank. The State Government would bear
interest liability of the mills on this loan. Also, the State Government will repay this loan to Haryana State Cooperative Bank (HARCO) Bank out of its first supplementary budget provisions, he added.
While referring to pending amount of three private sugar mills, the Chief Minister said that Saraswati Sugar Mills ltd at Yamuna Nagar has pending payment of `200 crore followed by `92 crore of Naraingarh Sugar Mills ltd and `62 crore of Bhadson Sugar Mills ltd.
He said that as per directions of the State Government, the HARCO Bank has sanctioned a soft loan of `100 crore to Saraswati Sugar Mills ltd for making pending cane payments to the cane growers of the Mills. Soft loan of `46 crores to Naraingarh Sugar Mills ltd and of `31 crore to Bhadson Sugar Mills would be sanctioned by HARCO Bank in due course.
The Cane Commissioner, haryana will ensure that the sugar mills clear all the pending payments of cane growers by the stipulated period, added the Chief Minister.