Punjab CM Bhagwant Mann proclaims hike in sugarcane value to Rs 380 per quintal

Punjab Chief Minister Bhagwant Mann on Monday introduced rising the value of sugarcane to Rs 380 per quintal from the prevailing Rs 360 per quintal. He introduced a hike in SAP (state agreed value) of sugarcane on the ground of the Punjab Meeting on the concluding day of its transient session.

In August 2021, the then Congress authorities had introduced a Rs 50 per quintal hike in SAP of sugarcane to Rs 360 per quintal.

Mann mentioned farmers will get a further Rs 20 per quintal beneath SAP of sugarcane as in comparison with final yr.

With this resolution, the state authorities will spend a further Rs 200 crore yearly to learn the farmers.

Mann mentioned the farmers of the state eagerly need to undertake sugarcane crop beneath crop diversification, however they’re hesitant for it on account of lack of ample value and well timed cost of the crop.

At current, sugarcane is cultivated on simply 1.25 lakh hectares of land in Punjab, whereas the overall crushing capability of sugar mills was round 2.50 lakh hectares. Because of this the state authorities has determined to reinforce the value to complement the revenue of farmers, he mentioned.

Informing the Home concerning the current standing of the funds, the chief minister mentioned the cooperative sugar mills have already paid all the dues of the farmers however two personal sugar mills haven’t paid the dues but.

He knowledgeable that the homeowners of those mills have fled from the nation, including that the state authorities has already initiated the method to confiscate their property to pay the pending dues of the farmers.