₹1,07,732 crore paid as sugarcane dues in 2023-24 season: DFPD
In the 2023-24 sugar season, the Indian government has disbursed ₹1,07,732 crore in sugarcane dues, reflecting effective policies by the Department of Food and Public Distribution (DFPD) to ensure timely payments and fair prices for farmers. Additionally, India’s ethanol production capacity has surged from 518 crore liters in 2017-18 to 1,623 crore liters, supporting energy self-sufficiency and empowering farmers across several states.
The government has implemented several important measures in the 2023-24 season to ensure timely payments for sugarcane, resulting in a notable increase in payments during the current season.
According to the Department of Food and Public Distribution (DFPD), a staggering ₹1,07,732 crore has been disbursed as sugarcane dues in the 2023-24 sugar season (Till 15th Sept 2024).
This achievement reflects the effective policies of the DFPD, which aim to secure fair prices for farmers and bring stability to the agricultural sector.
In addition to sugarcane price payments, there has also been an increase in ethanol production capacity in the country.
According to the DFPD, India’s Ethanol Blending Program (EBP) is progressing successfully. States such as Maharashtra, Karnataka, Uttar Pradesh, Punjab, Haryana, Sikkim, Bihar, and Madhya Pradesh have exceeded their ethanol production capacities, enhancing not only energy self-sufficiency but also empowering farmers. These states are also assisting smaller states with their ethanol supply needs.
As per the DFPD, India’s ethanol production capacity has risen from 518 crore liters in 2017-18 to an impressive 1,623 crore liters in 2023-24 (as of August 31, 2024), demonstrating the government’s commitment to fostering a greener future.
Source Link : https://www.chinimandi.com/107732-crore-paid-as-sugarcane-dues-in-2023-24-season-dfpd/
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