Govt seeks Parliament nod to spend 294.6 million rupees on sugar sops.

The government has sought Parliament approval to spend 294.6 million rupees to clear pending claims of interest subvention under the Scheme for Extending Soft Loan to Sugar Mills, and to give production subsidy to mills. The approval for the additional amount was sought in the First Batch of Supplementary Demands for Grants tabled in Lok Sabha. Of the total amount, the government sought 63.6 million rupees to clear pending claims, and the remainder to provide production subsidy to sugar mills to offset the cost of cane and facilitate timely payment of sugarcane dues. The demand will not entail any cash outgo, as the funds will be provided from the sugar development fund.