Excludes 6.76 lakh tones white sugar produced from imported raw sugar.
Excludes 1.05 lakh tones white sugar produced from imported raw sugar.
(E) – Estimated.
Scheme for providing incentive on export of raw sugar has been extended for 2014-15 sugar season and incentive rate was increased from Rs. 3300 per MT to Rs. 4000 MT.
Extended financial assistance to the sugar mills through Soft Loan Scheme with interest subvention @ 10% per annum for one year. Loan has been disbursed directly to cane farmers account on behalf of the sugar mills.
Remunerative prices of Ethanol for supply under EBP have been fixed in the range of Rs. 48.50-49.50 per litre. Excise duties on ethanol for supply under EBP in the current season has also been waived off to further incentivize ethanol supplies to improve the liquidity position of sugar mills. Blending targets under Ethanol Blending Programme (EBP) has been scaled up from 5% to 10%.
The Government has enhanced import duty on sugar from 25% to 40% to discourage imports. The export obligation period has been reduced from 18 months to 6 months under the Advanced Authorized Scheme.
Government, on 02-12-2015, has notified performance based production subsidy scheme providing subsidy @ Rs. 4.50/- per quintal of cane crushed in 2015-16 sugar season to sugar mills to offset the cost of cane and facilitate timely payment of cane price dues of farmers for sugar season 2015-16. Funds is directly credited into farmers’ accounts on behalf of sugar mills.
In order to mobilize more funds for various interventions to be undertaken to facilitate liquidation of arrears of cane dues, such as interest subvention based soft loans, export incentives and production assistance, the Sugar Cess Act, 1982 has been amended vide notification dated 28-01-2016.
The Fair & Remunerative Price (FRP) of sugarcane payable to the farmers in sugar season 2015-16 by sugar mills has been enhanced by Rs. 10/- per quintal to Rs. 230 per quintal.