Sugar factories and district banks in
irrigation programme for sugarcane crop will face strict
action, Chief Minister Devendra Fadnavis said today.
mandatory for sugarcane crop in all the irrigation command
areas across the state.
Speaking at a meeting held in Mumbai, Fadnavis said it
is mandatory for banks to process at least 50 per cent of the
total loan applications received from farmers and sugar
the start of crushing season, which generally begins in
November every year.
The government had last year made it compulsory to
hectares in a phased manner by 2019. The amount of loan will
be Rs 85,400 per hectare.
As per the programme, the government will borrow a
long term loan from National Agricultural Bank and Rural
Development (NABARD) and it will be distributed in a cycle
through state cooperative bank (Apex Bank) to District Central
Cooperative (DCC) banks and then to farmers.
Fadnavis said today that the Maharashtra State
Cooperative Bank (MSCB) will make a provision to enable
district banks to provide loans to the farmers for
implementing the programme.
He directed officials to ensure that the loan
applications of farmersand sugar cooperatives be processed
power purchase contracts of the sugar cooperatives would be
stopped if they failed to comply with," the CM said.(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)