Cabinet approves Rs 6,268 crore export subsidy for 60 lakh tonnes of sugar
Aug 28, 2019
New Delhi, Aug 28 (ANI): The government on Wednesday announced Rs 6,268 crore-subsidy for export of six million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers.The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi. “We have taken an important decision in the interest of sugarcane farmers. The cabinet has approved export subsidy for 6 million tonnes for 2019-20,” Union Information and Broadcasting Minister Prakash Javadekar told reporters in Delhi after the cabinet meeting.