pratiyogita kiran Published this article page no 01 Eligibility Criteria for sugar factory o It has been incurring cash losses continuously for the last 3 financial years or o Its net worth is negative and the sugar factory is not closedhas not ceased to crush cane for more than 2 sugar seasons excluding the current sugar season. Benefits o Two years moratorium and then five years of repayment. o Waiver of additional interest in full will be given to the eligible sugar factories. o The rate of interest will be changed to the interest rate as per the prevailing bank rate on the date of approval of the rehabilitation package as per SDF Rule 26 (9) (a). Sugarcane pricing policy Fair and Remunerative Price (FRP) It replaced the Statutory Minimum Price (SMP) of sugarcane in 2009 through amendment of the Sugarcane (Control) Order 1966 with FRP as o The minimum price that sugar mills have to pay sugarcane farmers to insulate them from increasing input costs. o It is linked to a basic recovery rate of sugar with a premium payable to farmers for higher recoveries of sugar from sugarcane. o It is determined on the basis of recommendations given by the Commission for Agricultural Costs and Prices (CACP) an expert body under the Ministry of Agriculture & Farmers Welfare and in consultation with state governments. StateAdvised Prices (SAPs) Used by states to declare SAP for sugarcane considering the cost of production and productivity levels. The SAP is generally higher than the FRP. Minimum Selling Price (MSP) In exercise of the powers conferred by the Essential Commodities Act 1955 Centre notified Sugar Price (Control) Order 2018 under which the Centre fixes the MSP after taking into account the FRP of sugarcane and minimum conversion cost of the most efficient mills. o The MSP was introduced to ensure industry may get at least the minimum cost of production of sugar so as to enable them to clear cane price dues of farmers. Public Distribution System At present sugar is distributed at a subsided rate of Rs 13.5 per kg to 2.5 crore families under the Antyodaya Anna Yojana (AAY). Export policy Indias export subsidy includes Production Assistance Scheme Buffer Stock Scheme and Marketing and Transportation Scheme pratiyogita kiran buy.
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