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Cabinet approves Rs 6,268 cr sugar export subsidy | ||||||||
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The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a sugar export subsidy ' title=' sugar export subsidy '>sugar export subsidy for the 2019-20 sugar season (October-September) to export 60 lakh metric tonne (MT) of sugar which would cost the government exchequer Rs 6,268 crore. Speaking to reporters here after the cabinet meeting, Union Minister for Environment and Climate Change, Prakash Javadekar, said that the CCEA has approved an export subsidy of Rs 10,448 per metric tonne (MT) and the subsidy would be directly credited to the farmer's account on behalf of the mills against cane price dues. Any subsequent balance would be credited to the mill's account.
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